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What is the most we should pay for a bond with a par value of $1000, coupon rate of 5.2% paid semi-annually, and a remaining
What is the most we should pay for a bond with a par value of $1000, coupon rate of 5.2% paid semi-annually, and a remaining life of 18 years? The bond is rated BBB, with a yield to maturity of 5.9%. (Round your answer to the nearest penny.)
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Handbook Of The Economics Of Finance Volume 2A
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
