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A 10-year bond has a par value of $5,000 with a 6% nominal rate, compounded semiannually. It has a coupon rate of 8% and the
A 10-year bond has a par value of $5,000 with a 6% nominal rate, compounded semiannually. It has a coupon rate of 8% and the coupon interest payments are semiannual. What is the current value of the bond?
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Take The Trade A Floor Trade
Authors: Tony Wilson
1st Edition
979-8218195458
