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When originally issued, a 15-year $1,000 par value bond has a 4.0% annual coupon rate, paid semi-annually. If 5 years after the issues date the
When originally issued, a 15-year $1,000 par value bond has a 4.0% annual coupon rate, paid semi-annually. If 5 years after the issues date the yield to maturity of this bond changed to 4.5%, then what will the price of this bond be?
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
10th Edition
538482109, 1133711774, 538482389, 9780538482103, 9781133711773, 978-0538482387
