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Consider a bond paying a coupon rate of 10% per year semiannually when the market interest rate is only 8% per year. The bond has
- Consider a bond paying a coupon rate of 10% per year semiannually when the market interest rate is only 8% per year. The bond has three years to maturity. What is the bonds price today?
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Public Finance Theory And Practice
Authors: M. Marlow
1st Edition
0030969603, 978-0030969607
