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1. A semi-annual coupon bond with 25 years until maturity has a coupon rate of 7.2 percent and a yield to maturity of 6 percent.
1. A semi-annual coupon bond with 25 years until maturity has a coupon rate of 7.2 percent and a yield to maturity of 6 percent. If the par value is $1000, what is the price of the bond?
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker
4th Edition
1284029867, 978-1284029864
