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Consider a $1,000 par, GE bond offers a 6% coupon with coupons paid annually. As of today, the bond has exactly 9 years remaining until
Consider a $1,000 par, GE bond offers a 6% coupon with coupons paid annually. As of today, the bond has exactly 9 years remaining until maturity. The bonds yield to maturity is 5%. What is the price of the bond?
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Finance Of International Trade
Authors: Eric Bishop
1st Edition
0750659084, 978-0750659086
