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You buy an eight-year bond that has a 6% current yield and a 6% coupon rate (coupons will be paid annually). The face value is
You buy an eight-year bond that has a 6% current yield and a 6% coupon rate (coupons will be paid annually). The face value is $1000. 1) What is the bond's value today? 2) In one year, the yield-to-ma...
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