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A 20-year bond has a coupon rate of 8%, a par value of $1,000. If the bonds YTM is 9%, what is the bonds price?
A 20-year bond has a coupon rate of 8%, a par value of $1,000. If the bonds YTM is 9%, what is the bonds price? What is the capital gains yield of the bond? Slove using a Financial calculator (N, I/Y, PV, PV, PMT).
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