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A company issues a ten-year bond at par with a coupon rate of 77% paid semi-annually. The YTM at the beginning of the third year
A company issues a ten-year bond at par with a coupon rate of 77% paid semi-annually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 8.2%.
What is the new price of the bond?
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Global Finance And The Macroeconomy
Authors: A. Makin
1st Edition
0333736982, 978-0333736982
