An $8 %$ bond with 18 years to maturity has a yield of $9 %$. What is

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An $8 %$ bond with 18 years to maturity has a yield of $9 %$. What is the price of this bond?

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Investment Science

ISBN: 9780199740086

2nd Edition

Authors: David G. Luenberger

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Question Posted: Apr 19, 2024 02:00 AM

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An $8 %$ bond with 18 years to maturity has a yield of $9 %$. What is

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To calculate the price of the bond we can use the formula for the price of a bond textPrice of bond ...View the full answer

Investment Science

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