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    doutlaw's Avatar
    doutlaw Posts: 1, Reputation: 1
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    #1

    Apr 18, 2009, 10:09 AM
    Financial Management
    The homework question is for Financial management. Ghayth Hilal purchases a $5,000, 7%, 10-year coupon bond that pay interest annually at a price to give a 6% yield to maturity. Calculate the purchase price of the bond.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Apr 18, 2009, 11:11 AM

    Please see the guidelines for posting homework questions:

    http:https://www.askmehelpdesk.com/f...-u-font.html//

    And for time value of money questions, it's always very useful to know if you're using charts, a financial calculator, algebraic equations, etc. There's different ways to solve these.
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