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50 A bond has ten years until maturity. The face value on the bond is $1,000.00, while the coupon rate attached to the bond is
50 A bond has ten years until maturity. The face value on the bond is $1,000.00, while the coupon rate attached to the bond is 5.875%. The bond pays coupons on an annual basis. Investors seek a 6.00% return on the bond.
Find the price of the bond if the yield to maturity changes to 6.00%
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Guide To Finance Theory And Application Portfolio Mathematics
Authors: Professional Risk Managers' International Association (PRMIA)
1st Edition
0071731814
