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Money and Banking Question: Person X is interest to buy a 5 year coupon bond with a coupon rate of 4.5% and a face value
Money and Banking Question: Person X is interest to buy a 5 year coupon bond with a coupon rate of 4.5% and a face value of $1000. How much is Person X is willing to pay for the bond if the market yield to maturity rate is 0.045%? [Hi, I'm trying to find where I went wrong, step by step would be appreciated, many thanks]
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International Management Culture, Strategy and Behavior
Authors: Fred Luthans, Jonathan Doh
10th edition
1259705072, 1259705076, 978-1259705076
