Bond PricesA $1,000 par bond that pays interest semiannually has a quoted coupon rate of 5%, a
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Bond PricesA $1,000 par bond that pays interest semiannually has a quoted coupon rate of 5%, a promised yield to maturity of 3.9% and exactly 10 years to maturity. The present value of the coupon stream represents ______ of the total bond's value. |
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