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A 6.05% annual coupon, 6-year bond has a yield to maturity of 4.28%. Assuming the par value is $1,000 and the YTM is expected not
A 6.05% annual coupon, 6-year bond has a yield to maturity of 4.28%. Assuming the par value is $1,000 and the YTM is expected not to change over the next year.
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To calculate the price of the bond you can use the present value of the bonds future cash flows In t...
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
