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What is a fair price of a 28-year semi-annual coupon bond, with a coupon rate of 5.15%, a face value of $1000, and a yield-to-maturity
What is a fair price of a 28-year semi-annual coupon bond, with a coupon rate of 5.15%, a face value of $1000, and a yield-to-maturity of 9.81%? What is the yield?
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To calculate the fair price of the bond we can use the formula for the present value of ...
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