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Coupon bonds are commonly used financial instruments. Explain the price formula for coupon bonds (see below) focusing on what parts are needed and why the
Coupon bonds are commonly used financial instruments. Explain the price formula for coupon bonds (see below) focusing on what parts are needed and why the formula looks the way it does. P = CPN X wx} (- + + 1 (1 + y)^ FV (1 + y)^
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