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The yield to maturity of a $1,000 bond with a 7.3% coupon rate, semiannual coupons, and two years to maturity is 8.7% APR, compounded semiannually.
The yield to maturity of a $1,000 bond with a 7.3% coupon rate, semiannual coupons, and two years to maturity is 8.7% APR, compounded semiannually. What is its price?
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Economics For Financial Markets
Authors: Brian Kettell
1st Edition
0750653841, 978-0750653848
