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A bond is purchased with a 3% coupon bond and with a face value of $1000 and one year left to maturity. At maturity, you
A bond is purchased with a 3% coupon bond and with a face value of $1000 and one year left to maturity. At maturity, you have earned a return of 10.75%. What price did you pay for this bond?
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Financial Management Concepts and Applications
Authors: Stephen Foerster
1st edition
013293664X, 978-0132936644
