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A 15-year bond has a face (par) value of $998,520. The bond coupon rate is 8.3%; there are 9 premium payments per year. What is
A 15-year bond has a face (par) value of $998,520. The bond coupon rate is 8.3%; there are 9 premium payments per year. What is the premium amount?
do not round
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Introduction To Derivatives And Risk Management
Authors: Robert Brooks, Don M Chance
9th Edition
1133190197, 978-1133190196
