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What is the price of the bond that has a coupon rate of 5.4%, a yield to maturity of 5%, a face value of
What is the price of the bond that has a coupon rate of 5.4%, a yield to maturity of 5%, a face value of $1000, and 15 years to maturity? The coupon payments are annual Enter your response below. Enter your answer to rounded 2 DECIMAL PLACES.
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Business Math
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
10th edition
133011208, 978-0321924308, 321924304, 978-0133011203
