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A bond with a face value of $1,000 and a coupon rate of 8% pays interest semi-annually. If the market interest rate is 6%, what
A bond with a face value of $1,000 and a coupon rate of 8% pays interest semi-annually. If the market interest rate is 6%, what is the bond's current price?
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Investment Science
Authors: David G. Luenberger
2nd Edition
0199740089, 978-0199740086
