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A 9 percent $1,000 bond matures in 18 years, pays interest semi-annually, and has a yield to maturity of 8.25 percent. What is the current
A 9 percent $1,000 bond matures in 18 years, pays interest semi-annually, and has a yield to maturity of 8.25 percent. What is the current market price of the bond?
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
11th Edition
1260288390, 978-1260288391
