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Suppose that PPP has a bond issue that has 10 years until maturity. The bond pays a 6% annual coupon rate with semi-annual coupons, and
Suppose that PPP has a bond issue that has 10 years until maturity. The bond pays a 6% annual coupon rate with semi-annual coupons, and has a face value of $1,000. If investors currently want a 4.00% annual return (APR) to hold the bond, what is the trading price of the bond today
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
21st Edition
1634602048, 978-1634602044
