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A bond has an 4% coupon rate and a $1,000 face value. Coupon is semi-annually and the bond has 25 years to maturity. If investors
- A bond has an 4% coupon rate and a $1,000 face value. Coupon is semi-annually and the bond has 25 years to maturity. If investors require a 3.6% yield, what is the bond's value?
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The bonds value can be calculated using the Yield to Maturity YTM formula and considering semiannual ...
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
