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A bond has a coupon rate of 4.5% and pays coupons annually. The bond matures in 4 years and the yield to maturity on similar
A bond has a coupon rate of 4.5% and pays coupons annually. The bond matures in 4 years and the yield to maturity on similar bonds is 8.0%. What is the price of the bond?
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Public Finance
Authors: Harvey Rosen, Ted Gayer
8th Edition
0073511285, 9780073511283
