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If a 3- year A rated bond that is in equilibrium in the market and does not have a coupon, what should its price be?
If a 3- year A rated bond that is in equilibrium in the market and does not have a coupon, what should its price be? Given information:
A rated bond = 5 years to maturity, 1k face value, 8.10% coupon rate, $990 price
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