Find the price of a 20-year coupon bond with 100$ par value and a coupon rate of
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Question:
Find the price of a 20-year coupon bond with 100$ par value and a coupon rate of 5% for the first 17 years and 10% for the last 3. For simplicity assume that the interest rate is constant across all maturities and it is equal to 7.5% pa
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