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The yield to maturity of a $1,000 bond with a 6.5% coupon rate, semi-annual coupons and two years to maturity is 8.6% APR, compounded semi-annually.
The yield to maturity of a $1,000 bond with a 6.5% coupon rate, semi-annual coupons and two years to maturity is 8.6% APR, compounded semi-annually. What is its price? (show all steps)
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Re Imagining Offshore Finance
Authors: Christopher M. Bruner
1st Edition
0190466871, 978-0190466879
