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The market rate of return is 6%. The face value of the bond is $1,000, the coupon rate is 4% and the bond matures in
- The market rate of return is 6%. The face value of the bond is $1,000, the coupon rate is 4% and the bond matures in 7 years. What is the price?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th Edition
0321374215, 9780321374219
