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Bonds have a face value of $1,000. The bonds carry a 9.43 percent coupon, pay interest semiannually, and mature in 14 years. What is the
Bonds have a face value of $1,000. The bonds carry a 9.43 percent coupon, pay interest semiannually, and mature in 14 years. What is the current price of these bonds if the yield to maturity is 8.81 percent?
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
5th Edition
1260013987, 9781260013986
