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What is the price of a 5-year, 7.9% coupon rate,$1,000 face value bond that pays interest annually if the yield to maturity on similar bonds
What is the price of a 5-year, 7.9%
coupon rate,$1,000
face value bond that pays interest annually if the yield to maturity on similar bonds is 6.6%?
The price of the bond is
$nothing
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Financial Management EMEA Theory And Practice
Authors: Michael Ehrhardt, Roland Fox, Eugene Brigham
2nd Edition
1473760216, 9781473760219
