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A bond is just issued with exactly 10 years to maturity. It pays a quarterly coupon of 6% per annum. The current yield is 6%
A bond is just issued with exactly 10 years to maturity. It pays a quarterly coupon of 6% per annum. The current yield is 6% per annum. The face value is $1000. What is the price of the bond today?
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Research Methods Statistics and Applications
Authors: Kathrynn A. Adams, Eva Marie K. Lawrence
1st edition
1452220182, 978-1452220185
