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What is the current value of a 5 years bond with a face value of $1,000? The coupon rate is 10% p.a., with the yield
What is the current value of a 5 years bond with a face value of $1,000? The coupon rate is 10% p.a., with the yield to maturity (YTM) 12% p.a., compounded annually.
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International Financial Management
Authors: Jeff Madura
2nd Edition
0314430296, 978-0314430298
