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You hold a 6 year bond with a coupon of 5% and a price of 92.56%. In two years' time the discount rate applied to
You hold a 6 year bond with a coupon of 5% and a price of 92.56%. In two years' time the discount rate applied to the bond is 5.75%. What will the price be in 2 years?
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Answer To find the price of the bond in 2 years we need to calculate the present value of the remain...
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
