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A bond offers a coupon rate of 13%, paid annually, and has a maturity of 11 years. The current market yield is 3%. If market
A bond offers a coupon rate of 13%, paid annually, and has a maturity of 11 years. The current market yield is 3%. If market conditions remain unchanged, what should the price of the bond be in 1 year?
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International Business Competing In The Global Marketplace
Authors: Charles Hill
14th Edition
1260387542, 9781260387544
