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What is the price today of a two-year, default-free security with a face value of $1000 and an annual coupon rate of 5.75%? Does this
What is the price today of a two-year, default-free security with a face value of $1000 and an annual coupon rate of 5.75%? Does this bond trade at a discount, premium, or at par? Assume that YTM is 5.5%
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