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a coupon bond (Face value -$1000) pays $60 in interest annually each year and has three years to maturity. The current yield to maturity is
a coupon bond (Face value -$1000) pays $60 in interest annually each year and has
three years to maturity. The current yield to maturity is 4%. What is the current price of the
bond?
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Cornerstones of Cost Management
Authors: Don R. Hansen, Maryanne M. Mowen
2nd edition
1111824401, 978-1111824402
