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A bond with face value $1000 pays semiannual coupons at an annual coupon rate of 5% for 10 years. If the yield to maturity is
A bond with face value $1000 pays semiannual coupons at an annual coupon rate of 5% for 10 years. If the yield to maturity is 5%, what is the value today?
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International Financial Reporting And Analysis
Authors: David Alexander, Ann Jorissen, Martin Hoogendoorn
8th Edition
978-1473766853, 1473766850
