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Posted on Aug 06, 2024

you want to buy a corporate bond that has a face value of 1 0 0 0 for that pays coupon of 0 . 0

you want to buy a corporate bond that has a face value of

1000

for that pays coupon of

0.08

paid quarterly

.

At that time, the bond had a YTM of

0.15

and

12

years left to maturity.

what is the price of the bond

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