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what is the price of a 20-year $ 10,000 bond with a 5% annual coupon paid semiannually? assume that the approximate continuously compounded yield curve
what is the price of a 20-year $ 10,000 bond with a 5% annual coupon paid semiannually? assume that the approximate continuously compounded yield curve is given by r_t=a(1-e^(-bt))
where a = 0.07 and b =0.1? round to the nearest cent.
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