Business, 31.12.2020 20:10, mrfishyyyy

Tripple-Crown Inc. will start selling 10-year bonds today. The bonds have semiannual coupon payments, an annual coupon rate of 10%, and a par value of $1,000. The yield to maturity (YTM) for this bond is expected to be 8%. What is the price of the bond today?

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Tripple-Crown Inc. will start selling 10-year bonds today. The bonds have semiannual coupon payments...