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What is the price of a 3 year, 8.5% coupon rate, $1,000 face value bond that pays interest quarterly if the yield to maturity on
What is the price of a 3 year, 8.5% coupon rate, $1,000 face value bond that pays interest quarterly if the yield to maturity on similar bonds is 11.5%? How do you define price of the bond?
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Introduction To Corporate Finance
Authors: Laurence Booth, Sean Cleary
3rd Edition
978-1118300763, 1118300769
