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show the steps pls A bond has $ 52000 face value and the coupon rate of the bond is 3.1 % (APR). The YTM of
show the steps pls
A bond has $ 52000 face value and the coupon rate of the bond is 3.1 % (APR). The YTM of the bond is 4.3 %. What is the fair price of the bond assuming that the maturity of the bond is 3 years and the bond pays coupon in every 4 months? (Give the answer in round numbers without presenting a $sign) Step by Step Solution
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