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A firm has issued a 6 year bond with $1,000 par value. The bond pays coupons at a rate of 2% annually. The appropriate discount
A firm has issued a 6 year bond with $1,000 par value. The bond pays coupons at a rate of 2% annually. The appropriate discount rate is 5%. What is the bond price today?
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Financial Markets And Institutions An Introduction To Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
3rd Edition
0073250937, 9780073250939
