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A coupon bond that pays interest of 5% annually has a par value of $1,000, matures in 12 years, and is selling today at $785.
A coupon bond that pays interest of 5% annually has a par value of $1,000, matures in 12 years, and is selling today at $785. The actual yield to maturity on this bond is..
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The Handbook Of Credit Portfolio Management
Authors: Greg Gregoriou, Christian Hoppe
1st Edition
0071598340, 978-0071598347
