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A bond pays a 7% coupon and makes semi-annual payments. The bond has 15 years to maturity and a YTM of 4%. What is the
A bond pays a 7% coupon and makes semi-annual payments. The bond has 15 years to maturity and a YTM of 4%. What is the current bond price?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
