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An annual bond has a face value of $1,000, makes an annual coupon payment of $12 per year, has a discount rate per year of
An annual bond has a face value of $1,000, makes an annual coupon payment of $12 per year, has a discount rate per year of 4.3%, and has 8 years to maturity. What is price of this bond?
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
