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Kevin Rogers is interested in buying a five-year bond that pays a coupon of 10 percent on a… 1 answer below » Kevin Rogers is interested in buying a five-year bond that pays a coupon of 10 percent on a semiannual basis. The current market rate for similar bonds is 8.8 percent per annum compounded twice a year. What should be the current price of this bond, if the face value of the bond is $1 000? (Round to the nearest dollar.) Sep 07 2015 06:37 PM
