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The yield to maturity of a $ 1 comma 000$1,000 bond with a 7.2 %7.2% coupon rate, semi-annual coupons, and two years to maturity is
The yield to maturity of a
$ 1 comma 000$1,000
bond with a
7.2 %7.2%
coupon rate, semi-annual coupons, and two years to maturity is
8.4 %8.4%
APR, compounded semi-annually. What must its price be?
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