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A 15-year bond pays 11% coupon on a face value of $1,000. If similar bonds are currently yielding 8% which means the appropriate yield to
A 15-year bond pays 11% coupon on a face value of $1,000. If similar bonds are currently yielding 8% which means the appropriate yield to maturity for this 15-year bond is also 8%, what is the market value of the bond? Use annual analysis. O Over $1,000 O Not enough information to tell. Under $1,000 $1,000
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Public Finance And Public Policy
Authors: Arye L. Hillman
2nd Edition
0521738059, 978-0521738057
