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A coupon bond has a face value of $1,000. with 4.47% coupon rate. It matures in 8 years, and has a yield to maturity of
A coupon bond has a face value of $1,000. with 4.47% coupon rate. It matures in 8 years, and has a yield to maturity of 7.27%. What is the price of the bond?
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
9th edition
78034698, 978-0077502287, 77502280, 978-0078034695
