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2 . A borrower comes to market with a 2 % yield for a 1 0 - year bond. The DV 0 1 is 9
A borrower comes to market with a yield for a year bond. The DVis
An investor comes in with a strong preference for a discount bond. The issuer finds that attractive.
For technical reasons, the bond must have a price of at least So they agree to issue a bond at
What would the coupon beHow did you calculate that? Explain the logic. Please show work.
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