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Posted on Jul 31, 2024

Exactly five years ago, the ABC Company issued a 1 0 - year bond with a coupon of 5 . 5 0 % paid semiannually.

Exactly five years ago, the ABC Company issued a

10 -

year bond with a coupon of

5.50 %

paid semiannually. The face value of the bond is $

1, 000 .

What is the price of the bond today if the YTM

(

yield to maturity

)

3.25 % ?

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