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A 4.98% annual coupon, 24year bond has a yield to maturity of 8.81%. Assuming the par value is $1,000 and the YTM is expected not
A 4.98% annual coupon, 24year bond has a yield to maturity of 8.81%. Assuming the par value is $1,000 and the YTM is expected not to change over the next year, what should the price of the bond be today Step by Step Solution
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Financial Management
Authors: Rajiv Srivastava, Anil Misra
2nd Edition
0198072074, 9780198072072
