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You have the opportunity to purchase a 18 -year, $1,000 par value bond that has an annual coupon rate of 7 %. If you require
You have the opportunity to purchase a 18 -year, $1,000 par value bond that has an annual coupon rate of 7 %. If you require a YTM of 8.7 %, how much is the bond worth to you?
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Options Futures And Other Derivatives
Authors: John C. Hull
9th Edition
0133456315, 9780133456318
