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A bond with face value of $15,500 pays a coupon rate lf 6% (with interest paid semi-annually), and matures in 5 years. If the bond
A bond with face value of $15,500 pays a coupon rate lf 6% (with interest paid semi-annually), and matures in 5 years. If the bond is proced to yueld 8%, what is the price of the bond? (Give answer to 2 decimal places)
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Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
