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Suppose that you just purchased a Baa rated $1000 annual coupon bond with an 9.6 % coupon rate and a 11 -year maturity. If the
Suppose that you just purchased a Baa rated $1000 annual coupon bond with an 9.6 % coupon rate and a 11 -year maturity. If the yield to maturity on the bond is 3.479 %, how much did you pay?
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