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A bond has 6 years to maturity, a 12 percent coupon, a $1,000 face value, and pays interest semiannually. What's the bond's current price if
A bond has 6 years to maturity, a 12 percent coupon, a $1,000 face value, and pays interest semiannually. What's the bond's current price if the yield to maturity is 8.52 percent?
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
11th Edition
978-0132568968, 9780132568968
