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You buy a 10 year junk bond with a Yield to Maturity of 20%. What is the market value of the bond if it matures
You buy a 10 year junk bond with a Yield to Maturity of 20%. What is the market value of the bond if it matures at $10,000 and pays an annual coupon of $250? Please show your TVM reasoning
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
10th Edition
1260013820, 978-1260013825
