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A $1,00 face value bond currently has a required return rate (yield-to-maturity) of 6.69 percent. The bond matures in three years and pays coupon annually.
A $1,00 face value bond currently has a required return rate (yield-to-maturity) of 6.69 percent. The bond matures in three years and pays coupon annually. The coupon rate is 7 percent. What type of bond is it? premium bond,discount bond, par bond or zero-coupon bond
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Fundamentals Of Futures And Options Markets
Authors: Jonn C. Hull
8th International Edition
0133382850, 9780133382853
