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A 12.00 percent, $1,000 bond matures in 12 years, pays interest semi-annually, and has a yield-to-maturity of 6.00 percent. What is the current market price?
A 12.00 percent, $1,000 bond matures in 12 years, pays interest semi-annually, and has a yield-to-maturity of 6.00 percent. What is the current market price?
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Introduction To Derivatives And Risk Management
Authors: Robert Brooks, Don M Chance, Roberts Brooks
8th Edition
0324601212, 9780324601213
