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Bob Corporation's outstanding bonds have a $1,000 par value, a 6% coupon rate, 7 years to maturity, and a 4% YTM. The bond pays coupons
Bob Corporation's outstanding bonds have a $1,000 par value, a 6% coupon rate, 7 years to maturity, and a 4% YTM. The bond pays coupons semiannually. What is the price of a single bond?
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Personal Finance Version 3.1
Authors: Rachel S. Siegel
3rd Edition
1453334807, 978-1453334805
