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# A semi-annual corp. bond with a coup. rate of 4% is \$1150.50 today. Their are 160 days in each coupon period. It's been 60 days since coup. was paid....

A semi-annual corp. bond with a coup. rate of 4% is \$1150.50 today. Their are 160 days in each coupon period. It's been 60 days since coup. was paid. How much \$\$\$ do you need if you wanted to buy this bond today?

R= 4% Fv = \$1150.50 n=... View the full answer

• where would the 1.0408 come from?
• bobo9175
• Apr 05, 2018 at 3:36am
• (1+0.04/100)100= (1+0.004)100 = (1.0004)100= 1.0408
• sonikaahuja
• Apr 05, 2018 at 4:12am

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