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You decide to buy a bond that matures in 6 years and has a par value of $10,000. The coupon rate is 9% per year
You decide to buy a bond that matures in 6 years and has a par value of $10,000. The coupon rate is 9% per year but interest payments are made monthly. The desired yield to maturity is 8% compounded monthly. What is the current price of the bond?
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Value And Capital Management A Handbook For The Finance And Risk Functions Of Financial Institutions
Authors: Thomas C. Wilson
1st Edition
1118774639, 978-1118774632
