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A bond has $ 14000 face value and its coupon rate is 17.5 % (APR). The YTM of bonds with similar risks is 19 %.
A bond has $ 14000 face value and its coupon rate is 17.5 % (APR). The YTM of bonds with similar risks is 19 %. Coupon is paid on an
annual basis at the end of each years. The maturity of this bond is 3 years. What is the fair price of this bond?
please solve it without excel and financial calculator, by cpn formula only. thanks
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Materiality In Financial Reporting An Integrative Perspective
Authors: Francesco Bellandi
1st Edition
178743737X, 9781787437371
