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You purchased a bond at par value that has a coupon rate ( % ) of 4 % . New bonds were recently issued at
You purchased a bond at par value that has a coupon rate of New bonds were recently issued at You need to sell you bond. What is the new price of your bond? Why did the price change?
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Risk Management And Financial Institutions
Authors: John C Hull
6th Edition
1119932483, 9781119932482
