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A coupon bond that pays interest quarterly has a par value of $1000, matures in 4 years, and has a yield to maturity of 15%.
- "A coupon bond that pays interest quarterly has a par value of $1000, matures in 4 years, and has a yield to maturity of 15%. If the coupon rate is 8%, the value of the bond today will be __________. Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer."
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Multinational Financial Management
Authors: Alan C Shapiro, Paul Hanouna
11th Edition
1119559901, 9781119559900
