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A six-year maturity bond has the face value of $1,000, the yield-to-maturity of 7.32%, and the coupon rate of 8% paid annually. What is the
A six-year maturity bond has the face value of $1,000, the yield-to-maturity of 7.32%, and the coupon rate of 8% paid annually. What is the price of the bond today?
- $1,032.55
- $1,000.00
- $1,059.73
- $968.56
- $1,008.00
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Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
