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Exercise 2. Show that a bond sells at par if and only if the coupon rate equals the yield. Note: You can't pick specific numbers
Exercise 2. Show that a bond sells at par if and only if the coupon rate equals the yield. Note: You can't pick specific numbers for this problem. You need to show it's true in general. You also need to show both directions (i.e., P = Par = Par =Y = P= Par). Par y, and
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