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MN Corporations bonds have a 12-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The YTM is 3.00%, based on semiannual compounding.
MN Corporations bonds have a 12-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The YTM is 3.00%, based on semiannual compounding. What is the bond's price?
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Finance Of International Trade
Authors: Eric Bishop
1st Edition
0750659084, 978-0750659086
