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The yield to maturity of a $1,000 bond with a 7% coupon rate, semiannual coupons, and two years to maturity is 4% APR, compounded semiannually.
The yield to maturity of a $1,000 bond with a 7% coupon rate, semiannual coupons, and two years to maturity is 4% APR, compounded semiannually. What is its price?
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Finance For IT Decision Makers
Authors: Michael Blackstaff
3rd Edition
1780171226, 978-1780171227
