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A coupon bond issued by an Australian company in Sydney pays annual interest, has a par value of $1,000, matures in 12 years, has a
A coupon bond issued by an Australian company in Sydney pays annual interest, has a par value of $1,000, matures in 12 years, has a coupon rate of 6.33% per annum, and has a yield to maturity of 5.79% per annum. The current intrinsic value of the bond should be ___
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
9th Edition
0134519264, 9780134519265
