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Consider a 3 yr bond with an annual coupon rate of 10% paid semi-annually and face value of $1000. Suppose the going rate of this
Consider a 3 yr bond with an annual coupon rate of 10% paid semi-annually and face value of $1000. Suppose the going rate of this type of bond is 13%. What is the value of this bond?
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Capital Markets Institutions And Instruments
Authors: Frank J. Fabozzi, Franco Modigliani
4th Edition
0136026028, 9780136026020
