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You are looking to purchase a bond with 19 years maturity, 5.3% coupon rate, annual coupons, and $100 face value trading at a yield to
You are looking to purchase a bond with 19 years maturity, 5.3\% coupon rate, annual coupons, and $100 face value trading at a yield to maturity of 9.6%. What is the price of the bond? (please round your answer to the nearest penny) Step by Step Solution
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Project Financing Financial Instruments And Risk Management
Authors: Frank J Fabozzi, Carmel De Nahlik
1st Edition
9811231494, 9789811231490
