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How much should you be prepared to pay for a 10-year, $1000 face value bond with a 6% coupon, semi-annual payments, and a yield to
How much should you be prepared to pay for a 10-year, $1000 face value bond with a 6% coupon, semi-annual payments, and a yield to maturity of 7.5%? Hint: Payments are 30, interest rate=3.75%, periods=20.
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