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Mechanically, a bond's price... consists of two time value problems, an annuity for the coupon payments and a simple FV problem for the par value
Mechanically, a bond's price...
consists of two time value problems, an annuity for the coupon payments and a simple FV problem for the par value received at the end of the bond's life.
consists of an annuity where the payments are the coupon payments and the final par value at the end of the bond's life.
consists of two time value problems, an annuity for the coupon payments and a simple PV problem for the par value received at the end of the bond's life.
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