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An investor has invested in a 2-year bond which pays 10% coupons at the end of each year.The current yield is 9% per annum (continuously
An investor has invested in a 2-year bond which pays 10% coupons at the end of each year.The current yield is 9% per annum (continuously compounded). What is the bond's price?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
