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You are considering the purchase of a Coupon Bond with a Face Value of $1,000, which matures in nineteen years, and pays 5.65% (annual) coupons.
You are considering the purchase of a Coupon Bond with a Face Value of $1,000, which matures in nineteen years, and pays 5.65% (annual) coupons. If you desire a return of 6.75%, how much would you bid for the bond today? (Round your answer to two decimal place, e.g. 1,074.36)
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Risk Management And Financial Institutions
Authors: John Hull
1st Edition
0132397900, 9780132397902
