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a bond carries a coupon rate of 9.6%, has 9 years until maturity and sells at a yield to maturity of 8.6%. a)what interest payments
a bond carries a coupon rate of 9.6%, has 9 years until maturity and sells at a yield to maturity of 8.6%. a)what interest payments do holders receive each year? b)at what price does the bond sell? c) what happens to the bond price if the yield to maturity falls to 7.6%
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