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A bond that pays a 4% coupon has 14 years to maturity. If the bond has a YTM of 4.5% and makes semi-annual payments, what
A bond that pays a 4% coupon has 14 years to maturity. If the bond has a YTM of 4.5% and makes semi-annual payments, what is its current price?
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
1st Edition
0131163604, 9780131163607
