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Posted on Jul 29, 2024

Suppose a German company issues a bond with a par value of $ 1 , 0 0 0 , 1 9 years to maturity, and

Suppose a German company issues a bond with a par value of $

1, 000, 19

years to maturity, and a coupon

rate of

4.5

percent paid annually. If the yield to maturity is

3.9

percent, what is the current price of the bond?

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