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A firm has some bonds maturing in 7 years, with par value of $1,000. Those bonds make annual coupon payment of $70. The market interest
A firm has some bonds maturing in 7 years, with par value of $1,000. Those bonds make annual coupon payment of $70. The market interest rate on similar bonds is 8.5%. What is the bond's price?
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Introductory Course On Financial Mathematics
Authors: M V Tretyakov
1st Edition
1908977388, 978-1908977380
