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What would a 10% coupon, $1000 face value bond with 3 years to maturity sell for if the discount rate were 5% each year? What
What would a 10% coupon, $1000 face value bond with 3 years to maturity sell for if the discount rate were 5% each year? What is its coupon (also known as current) yield? What (annual) rate of return does it actually pay?
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