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You have the opportunity to purchase a16-year, $1,000 par value bond that has an annual coupon rate of 9%. If you require a YTM of
You have the opportunity to purchase a16-year, $1,000 par value bond that has an annual coupon rate of 9%. If you require a YTM of 7.1%, how much is the bond worth to you?
The price of the bond is $
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Financial Management
Authors: I.M. Pandey
11th Edition
9325982293, 978-9325982291
