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A 10-year, 10% bond pays semi-annual coupon payments. If the face value is $1,000 but the bond sells for $900, what is the annualized yield
A 10-year, 10% bond pays semi-annual coupon payments. If the face value is $1,000 but the bond sells for $900, what is the annualized yield on the bond?
Calculate the value of a zero coupon 5-year bond (semi-annual) with a face value of $1,000. Assume the market rate is 9%.
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