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You buy a bond for $943 that has a coupon rate of 5.2% and a 6-year maturity. A year later, the bond price is $1,048.
You buy a bond for $943 that has a coupon rate of 5.2% and a 6-year maturity. A year later, the bond price is $1,048. (Assume a face value of $1,000 and annual coupon payments
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Finance And Industrial Policy
Authors: Giovanni Cozzi, Susan Newman, Jan Toporowski
1st Edition
0198744501, 978-0198744504
