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A $1000 face value bond currently has a yield to maturity of 6.69%. The bond matures in three years and pays interest annually. The coupon
A $1000 face value bond currently has a yield to maturity of 6.69%. The bond matures in three years and pays interest annually. The coupon rate is 7%. What is the current price of this bond?
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Basic Finance An Introduction To Financial Institutions, Investments, And Management
Authors: Herbert B. Mayo
12th Edition
1337691011, 978-1337691017
