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What is the price of a mortgage-backed bond issued today at the follwoing terms: maturity = 25 years; payments = twice per year (semi-annual); coupon
What is the price of a mortgage-backed bond issued today at the follwoing terms: maturity = 25 years; payments = twice per year (semi-annual); coupon rate = 10.00%; face value = $10,000; yield to maturity = 12.50%.
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