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A bond offers a coupon rate of 7%, paid annually, and has a maturity of 15 years. Face value is $1,000. If the current market
A bond offers a coupon rate of 7%, paid annually, and has a maturity of 15 years. Face value is $1,000. If the current market yield is 6% (discount rate), what should be the price of this bond?
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Options Futures And Other Derivatives
Authors: John C. Hull
8th Edition
0132164949, 9780132164948
