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What would you pay for a 10-year, 8% semiannual coupon bond with a $1,000 face value if the market rate of return (YTM) is 7.5%
What would you pay for a 10-year, 8% semiannual coupon bond with a $1,000 face value if the market rate of return (YTM) is 7.5%
Please show work/how it's done on financial calculator, thanks!
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Financial Markets Instruments And Institutions
Authors: Anthony M. Santomero, David Babbel
2nd Edition
0072358688, 9780072358681
