Business
Business, 19.03.2020 01:08, reginagotredhair

Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 23 years to maturity, and a coupon rate of 3.8 percent paid annually.
If the yield maturity is 3.7%, what is the current price of the bond?

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Even though most corporate bonds in the United States make coupon payments semiannually, bonds issue...

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