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(05 marks) An 8% annual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 8.21%.
(05 marks) An 8% annual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 8.21%. What is the bond's current price and yield to maturity (YTM)
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Corporate Valuation A Guide For Managers And Investors
Authors: Phillip R. Daves, Michael C. Ehrhardt, Ron E. Shrieves
1st Edition
0324274289, 978-0324274288
