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A corporate bond (par value of $1,000) has a coupon rate of 5% per year, with semi-annual coupons, and a total maturity term of 15
- A corporate bond (par value of $1,000) has a coupon rate of 5% per year, with semi-annual coupons, and a total maturity term of 15 years. Currently, 5 years into the maturity term, the yield to maturity is 6%. What would you expect to pay for this bond if you were to purchase it today (i.e. what is the bonds current price?)
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Municipal Finances A Handbook For Local Governments
Authors: Catherine D. Farvacque-Vitkovic, Mihaly Kopanyi
1st Edition
082139830X, 978-0821398302
