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A City of Boston bond pays an annual coupon rate of 5.4 percent with coupon payments made semiannually, and the next coupon payment will be
A City of Boston bond pays an annual coupon rate of 5.4 percent with coupon payments made semiannually, and the next coupon payment will be made 6 months from now. The bond matures 9 years from now, the yield to maturity is 10.8 percent, and the par value of the bond is $1000. What is the price of the bond today
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Governing Global Finance
Authors: Michele Fratianni, Paolo Savona
1st Edition
1138742147, 978-1138742147
