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A 10-year bond was issued four years ago.The bond is denominated in US dollars, offers a coupon rate of 10% with interest paid semi-annually, and
A 10-year bond was issued four years ago.The bond is denominated in US dollars, offers a coupon rate of 10% with interest paid semi-annually, and is currently priced at 102% of par.The bond"s:
- tenor is six years
- nominal rate is 5%
- redemption value is 102% of the par value.
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Financial Modeling
Authors: Simon Benninga
4th Edition
0262027283, 9780262027281
