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A bond that pays interest semiannually has a coupon rate of 5.05 percent and a current yield of 5.33 percent. The par value is $1,000.
A bond that pays interest semiannually has a coupon rate of 5.05 percent and a current yield of 5.33 percent. The par value is $1,000. What is the bond's price?
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Pricing And Hedging Financial Derivatives A Guide For Practitioners
Authors: Leonardo Marroni, Irene Perdomo
1st Edition
1119953715, 978-1119953715
