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Posted on Sep 20, 2024

A bond that pays a 5 % coupon payment annually, has 5 years left before it matures. If today's yield to maturity is 3 .

A bond that pays a

5 %

coupon payment annually, has

5

years left before it matures. If today's yield to maturity is

3.5 %,

what is the current price of the bond?

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