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a bond with a $1000 face value and a 5% annual coupon pays interest semiannually. the bond will mature in 15 years. The annual yield
a bond with a $1000 face value and a 5% annual coupon pays interest semiannually. the bond will mature in 15 years. The annual yield to maturity is 4% and the next coupon payment will be made in 6 months. assuming semi annual compounding, what is the bond's price today?
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Investment Risk Management
Authors: Yen Yee Chong
1st Edition
0470849517, 9780470849514
