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A bond with face value of $20,000 and 20 years to maturity. The coupon rate is 5% and interest rate is 7%. what is the
A bond with face value of $20,000 and 20 years to maturity. The coupon rate is 5% and interest rate is 7%.
what is the price of the bond and the EAR of return?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
5th edition
321280299, 321280296, 978-0321280299
