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Show that a bond sells at par if and only if the coupon rate equals the yield. Note that you have to show each direction
Show that a bond sells at par if and only if the coupon rate equals the yield. Note that you have to show each direction separately: the IF statement and the ONLY IF statement. Hint: A good start point is bond pricing equation P=rC[1(1+r)T1]+(1+r)TPar
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