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A $1,000 face value bond currently has a yield to maturity of 12 percent. The bond matures in 12 years and pays interest annually. The
A $1,000 face value bond currently has a yield to maturity of 12 percent. The bond matures in 12 years and pays interest annually. The coupon rate is 7 percent. What is the current price of this bond?
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Health Care Budgeting And Financial Management
Authors: William J. Ward Jr.
2nd Edition
1440833052, 9781440833052
