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The yield to maturity of a $1,000 bond with a 7.1% 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
7.1%
coupon rate, semiannual coupons, and two years to maturity is
8.7%
APR, compounded semiannually. What is its price?
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Corporate Finance Investment And Advisory Applications
Authors: Jesse McDougall, Patrick Boyle
1st Edition
1530116597, 9781530116591
