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A bond issued by L&T Infrastructure offers 5 % coupon payment paid annually on a face value of 1 0 0 and a yield of
A bond issued by L&T Infrastructure offers coupon payment paid annually on a face value of and a yield of per annum. The term to maturity is years. Find the price of the bond.
Coupon: Periodic payments at every year specified time interval
Maturity: years Time when the bond matures
Face Value FV: Fixed amount payable at maturity
Yield: Interest rate implied by the payment structure
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