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Compute the price of a 9% coupon bond with 20 years to maturity and a par value of $1,000 and a required interest rate of
Compute the price of a 9% coupon bond with 20 years to maturity and a par value of $1,000 and a required interest rate of 12%. Assume the coupons are semi-annual.
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Financial Economics
Authors: Zvi Bodie, Robert C Merton, David Cleeton
2nd Edition
0558785751, 9780558785758
