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i want the answer step by step with formula thank u Q5: A 6-year bond with a 7 percent semiannual coupon is currently selling at
i want the answer step by step with formula
Q5: A 6-year bond with a 7 percent semiannual coupon is currently selling at par value. Another 6-year bond with a 10 percent annual coupon has the same YTM, and therefore, the same effective annual return EAR as the first bond (with semiannual PMT). If the annual coupon bond has a face value of $1,000, what will be its price (PV) of the second bond thank u
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