1 answer

Kasey Corp. has a bond outstanding with a coupon rate of 5.98 percent and semiannual payments....

Question:

Kasey Corp. has a bond outstanding with a coupon rate of 5.98 percent and semiannual payments. The bond has a yield to maturity of 5.5 percent, a par value of $2,000, and matures in 18 years. What is the quoted price of the bond?


Answers

H22 fx --PV(H20, H12,414,H16) Semi Annually: 5.98% 8 COUPON RATE 9 10 YEAR TO MATURITY 18.00 11 36 (Periods to maturity x 2)

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