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Suppose a 16-year bond has face and redemption value $23128, a nominal annual coupon rate of 3% compounded semiannually, and a nominal annual yield of
| Suppose a 16-year bond has face and redemption value $23128, a nominal annual coupon rate of 3% compounded semiannually, and a nominal annual yield of 5% compounded semiannually. Find the price of the bond on the issue date. |
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Cost And Management Accounting An Introduction
Authors: Colin Drury
7th Edition
1408032139, 978-1408032138
