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a) A bond is just issued with exactly 10 years to maturity. It pays a quarterly coupon of 6% per annum. The current yield is
a) A bond is just issued with exactly 10 years to maturity. It pays a quarterly coupon of 6% per annum. The current yield is 6% per annum. The face value is $1000. What is the price of the bond today?
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An Introduction To Trading In The Financial Markets Market Basics
Authors: R. Tee Williams
1st Edition
0123748380, 9780123748386
