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What is the price of a $1,000 par value, semi-annual coupon bond with 5 years to maturity, a coupon rate of 09.70% and a yield-to-maturity
What is the price of a $1,000 par value, semi-annual coupon bond with 5 years to maturity, a coupon rate of 09.70% and a yield-to-maturity of 04.40%? |
Please show formula and solve using excel.
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