Business, 19.03.2020 06:07 mak6156

A portfolio manager is considering the purchase of a bond with a 5.5% coupon rate that pays interest annually and matures in three years. If the required rate of return on the bond is 5%, the price of the bond per 100 of par value is closest to:

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A portfolio manager is considering the purchase of a bond with a 5.5% coupon rate that pays interest...