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Suppose you want to buy a bond with a maturity of 30 years, an annual coupon of 10%, a face value of $1,000, and semiannual
Suppose you want to buy a bond with a maturity of 30 years, an annual coupon of 10%, a face value of $1,000, and semiannual interest payments. If you require a 12% yield to maturity on this investment, what is the maximum price you would be willing to pay for the bond?
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Beyond Bitcoin Economics Of Digital Currencies And Blockchain Technologies
Authors: Hanna Halaburda, Miklos Sarvary, Guillaume Haeringer
2nd Edition
