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A bond which pays coupons semi-annually, has a par value of $1,000, it will mature in 4 years, and has a yield to maturity of
A bond which pays coupons semi-annually, has a par value of $1,000, it will mature in 4 years, and has a yield to maturity of 10%. If the coupon rate is 12%, what is the price of the bond today?
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Personal Finance
Authors: Jeff Madura
3rd Edition
0321357973, 978-0321357977
