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abc company bond with a face value of $1,000 carries an annual cupon rate of 7% , has 10 year until maturity , and sells
abc company bond with a face value of $1,000 carries an annual cupon rate of 7% , has 10 year until maturity , and sells at a yield to maturity of 10% . compute the bond price if yield to maturity reduces to 6%?
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
