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A 17-year bond pays interest of $45 every six months and will mature for $1,000. Also assume that the yield to maturity on this
A 17-year bond pays interest of $45 every six months and will mature for $1,000. Also assume that the yield to maturity on this bond is currently 7.82 percent. Given this information, determine the current price of this bond. $1,109.94 $1,087.79 $1,080.83 $1.095.23 $1,103.15
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Derivatives Markets
Authors: Rober L. Macdonald
4th edition
321543084, 978-0321543080
