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Posted on Jul 24, 2024

A bond has a coupon rate of 9 . 0 % and pays coupons annually. The bond matures in 2 9 years and the yield

A bond has a coupon rate of

9.0 %

and pays coupons annually. The bond matures in

29

years and the yield to maturity on similar bonds is

6.6 % .

What is the price of the bond?

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