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A 3.79% annual coupon, 20 -year bond has a yield to maturity of 9.24%. Assuming the par value is $1,000 and the YTM is expected
A 3.79% annual coupon, 20 -year bond has a yield to maturity of 9.24%. Assuming the par value is $1,000 and the YTM is expected not to change over the next year, what is bond price expected to be in one year Step by Step Solution
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Analysis For Financial Management
Authors: Robert C Higgins
8th International Edition
0071257063, 9780071257060
