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Viacom Inc B issues a 11 percent coupon bond with 24 years maturity and $1,000 face (par) value. If the yield to maturity of
Viacom Inc B issues a 11 percent coupon bond with 24 years maturity and $1,000 face (par) value. If the yield to maturity of this bond is 14 percent, find the bond's price.
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Assuming interest rate parity holds we can use the following formula to calcu...Get Instant Access to Expert-Tailored Solutions
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