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A bond pays annual coupon payments at a rate of 13%. the current yield to maturity is 9.5% and it matures at a par value
A bond pays annual coupon payments at a rate of 13%. the current yield to maturity is 9.5% and it matures at a par value of $1000 in exactly 15 years. what is the current market price? (choose closest answer) A. $358.09 B. $613.93 C. $1273.99 D. $1017.66
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Governing Global Finance
Authors: Michele Fratianni, Paolo Savona
1st Edition
1138742147, 978-1138742147
