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I need assistance answering this question. Im not sure which formula to use. Assume that today's date is February 15, 2015. Robin Hood Inc. bond is...
I need assistance answering this question. Im not sure which formula to use.
Assume that today's date is February 15, 2015. Robin Hood Inc. bond is an annual-coupon bond. Par value of the bond is $1,000. How much will the bond cost if it was purchased today?
Price: