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#2: A 10-year bond has a coupon rate of 11%, a par value of $1000. If the bonds YTM is 7%, what is the bonds
#2: A 10-year bond has a coupon rate of 11%, a par value of $1000. If the bonds YTM is 7%, what is the bonds price?
The bonds price is 1284.25
What is the current yield of the bond in #2?
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Consumer Credit Fundamentals
Authors: S. Finlay
1st Edition
1403939780,0230502342
