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Assume a par value of $1,000. Caspian Sea plans to issue a 6.00 year, semi-annual pay bond that has a coupon rate of 8.02%. If
Assume a par value of $1,000. Caspian Sea plans to issue a 6.00 year, semi-annual pay bond that has a coupon rate of 8.02%. If the yield to maturity for the bond is 7.69%, what will the price of the bond be?
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Personal Finance
Authors: Jeff Madura
6th Edition
0134082915, 9780134082912
