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    Bond Price and Analyst Values

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    An analyst values a newly issued, 15-year, 9 percent annual coupon bond at par as of April 1, 2000. On April 1, 2008, the market prices the bond to yield 8.3 percent. What is the price of the bond on April 1, 2008?

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    https://brainmass.com/economics/bonds/bond-price-analyst-values-269441

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    An analyst values a newly issued, 15-year, 9 percent annual coupon bond at par as of April 1, 2000. On April 1, 2008, the market prices the bond to yield 8.3 ...

    Solution Summary

    This solution is comprised of a detailed explanation to answer what is the price of the bond on April 1, 2008.

    $2.49

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