You buy the following bond for settlement on a coupon-payment date. What is the cost of the bond? Make the calculation without using the built-in bond function or time value of money function on a calculator.
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you buy the following bond for settlement on a coupon payment date 600398
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€100,000,000.00 |
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Remaining maturity: |
3 years |
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Coupon: |
8.0% |
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Yield: |
7.0% |
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