Homework Help: finance

Posted by chris on Thursday, September 6, 2012 at 4:58am.

A manufacturing company issues a bond with a 100,000 face value and a coupon rate of 7%. If the bond has a life of 30 years, pays annual coupons, and the yield to maturity is 6.8%, what percentage of the bond's price is the present value of the face value?

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