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Suppose you are reviewing a bond that has a 10% coupon rate paid semi-annually and a face value of $1,000. There are 20 years to
Suppose you are reviewing a bond that has a 10% coupon rate paid semi-annually and a face value of $1,000. There are 20 years to maturity, and the yield to maturity is 8%. What is the price of this bond?
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Personal Finance An Integrated Planning Approach
Authors: Ralph R Frasca
8th edition
136063039, 978-0136063032
