A 5.5 percent coupon bond with face value of $1,000 matures in 7 years , pays interest semi annually and has a yield to maturity of 6.23 percent. What is the current price of the bond? Does your answer Make sense? Why or why not?

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12 Jun 2019

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A 5.5 percent coupon bond with face value of $1,000 matures in 7 years , pays interest semi annually and has a yield to maturity of 6.23 percent. What is the current price of the bond? Does your answer Make sense? Why or why not?

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