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A bond was recently issued at an 8 percent coupon rate and matures 20 years from today. The par value of the bond is $5,000.
- A bond was recently issued at an 8 percent coupon rate and matures 20 years from today. The par value of the bond is $5,000.
- What is the market price of the bond if required market rates are 8%?
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Investment Science
Authors: David G. Luenberger
1st Edition
0195108094, 978-0195108095
