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A bond has a par value of $ 1 0 0 0 , a coupon rate of 8 % , a maturity of 7 years,
A bond has a par value of $ a coupon rate of a maturity of years, and a yield to maturity market rate of
What is the price of this bond, assuming it makes annual coupon payments?
What is the current yield of this bond?
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Financial Markets And Institutions
Authors: Jeff Madura
8th Edition
0324568215, 978-0324568219
