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1. A 10 year bond was issued 2 year ago with a face value of $1,000 and a coupon rate of 10%. Similar bond
1. A 10 year bond was issued 2 year ago with a face value of $1,000 and a coupon rate of 10%. Similar bond now yield of 8%. Find the price of the bond?
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
