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XYZ company has just issued a 30-year bond with a coupon rate of 7.50% (annual coupon payments) and a face value of $1,000. If the
XYZ company has just issued a 30-year bond with a coupon rate of 7.50% (annual coupon payments) and a face value of $1,000. If the yield to maturity is 11%, what is the price of the bond to the nearest cent
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Personal Finance
Authors: Jeff Madura
6th Edition
0134082915, 9780134082912
