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A company issues a 1 0 - year $ 1 , 0 0 0 face value bond at par with a coupon rate of 6
A company issues a year $ face value bond at par with a coupon rate of paid semiannually. The YTM at the beginning of the third year of the bond years left to maturity is What is the current price and then the new price of the bond at the beginning of the third year? Show your work
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