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Consider a 4% annual coupon bond with a face value of $1000, a yield to maturity of 6% and five years to maturity. Using

 

Consider a 4% annual coupon bond with a face value of $1000, a yield to maturity of 6% and five years to maturity. Using the formula below calculate the price of the five-year bond: F P (1- (1+0)) + (1+0)

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