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ABC BONDS HAVE 10 YEARS REMAINING TO MATURITY. INTEREST IS PAID ANNUALLY. THEY HAVE A $1,000 PAR VALUE, THE COUPON INTEREST RATE IS 8%, AND
| ABC BONDS HAVE 10 YEARS REMAINING TO MATURITY. INTEREST IS PAID ANNUALLY. THEY HAVE A $1,000 PAR VALUE, |
| THE COUPON INTEREST RATE IS 8%, AND THE YIELD TO MATURITY IS 9%. |
| WHAT IS THE BOND'S CURRENT MARKET PRICE? |
| MATURITY |
| ANNUAL INTEREST PAYMENTS |
| PAR VALUE |
| COUPON |
| YTM |
| WHAT IS THE CURRENT BOND VALUE? |
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Bond Markets Analysis And Strategies
Authors: Frank J. Fabozzi, Francesco A. Fabozzi
10th Edition
026204627X, 978-0253337535
