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Posted on Sep 04, 2024

Suppose you are looking at a bond that has a 1 0 % semi - annual coupon and a face value of $ 1 0

Suppose you are looking at a bond that has a

10 %

semi

-

annual coupon and a face value of $

1000 .

There are

20

years to maturity and the yield to maturity is

8 % .

What is the price of this bond?

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