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Posted on Jul 27, 2024

A coupon bond that pays interest annually has a par value of $1000, matures in 6 years, and has a yield to maturity of 6%.

"A coupon bond that pays interest annually has a par value of $1000, matures in 6 years, and has a yield to maturity of 6%. If the coupon rate is 15%, the value of the bond today will be

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