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6. Apple, Inc., has 6 percent coupon bonds on the market that have 3 years left to maturity. The bonds make annual payments and
6. Apple, Inc., has 6 percent coupon bonds on the market that have 3 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 8 percent, what is the current bond price? (3 Points)
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
