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One year ago, a semiannual-pay bond with a 6% coupon rate and exactly 11 years left to maturity was trading at a price of 94.242%
One year ago, a semiannual-pay bond with a 6% coupon rate and exactly 11 years left to maturity was trading at a price of 94.242% of its $1,000 par value. Since then, the bond's yield to maturity has increased by 125 basis points. What is the current price of the bond today
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Finance Of International Trade
Authors: Eric Bishop
1st Edition
0750659084, 978-0750659086
