A sevenyear, 5 percent coupon bond is sold at par. However, soon after the bond is sold,
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A seven‐year, 5 percent coupon bond is sold at par. However, soon after the bond is sold, the going rate for this bond is 5.01 percent. What is the new price of the bond?
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Related Book For
Investments Analysis And Management
ISBN: 9781118975589
13th Edition
Authors: Charles P. Jones, Gerald R. Jensen
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