Business, 20.08.2020 01:01 kbruner20

Chris purchased a 10 year 100 par value bond where 6% coupons are paid semiannually. Cheryl purchased a 100 par value bond where 6% coupons are paid semiannually. There is no maturity date or redemption value for Cheryl’s bond. Cheryl paid $100 for her bond. The yield for Chris’s bond is 80% of the yield for Cheryl’s bond. How much did Chris pay for his bond?

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Chris purchased a 10 year 100 par value bond where 6% coupons are paid semiannually. Cheryl purchase...