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Consider a 30-year bond with a 10% coupon rate (annual payments) and a $100 face value. What is the initial price of this bond if
Consider a 30-year bond with a 10% coupon rate (annual payments) and a $100 face value. What is the initial price of this bond if it has a 5% yield to maturity? If the yield to maturity is unchanged, what will the price be immediately before and after the first coupon is paid?
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