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Bond A pays an annual coupon rate of 12%, however the coupon payments are semi-annual. The bond has 10 years to maturity (a face value
Bond A pays an annual coupon rate of 12%, however the coupon payments are semi-annual. The bond has 10 years to maturity (a face value of $1,000), a. What is the value of Bond A assuming a YTM of 8%?
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