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The market rate of return is 9 % . The face value of a bond is $ 1 , 0 0 0 , the coupon
The market rate of return is The face value of a bond is $ the coupon rate is with annual compounding, and the bond matures in years.
What is the value of this bond?
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
2nd Edition
0273651080, 978-0273651086
