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Assume that a 30 year, 5%, semi-annual, $10,000 bond was issued 10 ten years ago.Today current market rates are 4.5%.How much could that bond be
Assume that a 30 year, 5%, semi-annual, $10,000 bond was issued 10 ten years ago.Today current market rates are 4.5%.How much could that bond be sold for today?
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Financial Markets And Institutions An Introduction To Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
3rd Edition
0073250937, 9780073250939
