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Given a 10 year bond that sold for $1,000 with a 10% coupon rate, what would the price of the bond be if interest rates
Given a 10 year bond that sold for $1,000 with a 10% coupon rate, what would the price of the bond be if interest rates in the marketplace on similar bonds are now 12%? Interest is paid semi-annually. Assume a 10 year time period.
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Investments
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
6th Edition
8120321014, 978-8120321014
