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A 18-year bond with a 12 percent semiannual coupon and a $1,000facevalue has a nominal yield to maturity of 8 percent. The bondcurrently sells for$1,378.17.
A 18-year bond with a 12 percent semiannual coupon and a $1,000facevalue has a nominal yield to maturity of 8 percent. The bondcurrently sells for$1,378.17. The bond, which may be called after 2 answers
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Public Finance
Authors: John E. Anderson
2nd edition
978-0538478441, 538478446, 978-1133708360, 1133708366, 978-1111526986
