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You have a $ 1 , 0 0 0 face value bond. You know that it originally had a maturity of 1 3 years, one
You have a $ face value bond. You know that it originally had a maturity of years, one year ago. This bond has annual rate coupons, that are paid twice a year. The market for bonds like this has a YTM of
What is the current price?
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
5th Edition
1260013987, 9781260013986
