What is the priceIf a PE fund has dry powder then it can still have capital calls to fund new investments during the investment period of the fund. of a bond that has a 5% coupon rate, annual coupons, and 7 years until maturity? Assume the YTM is 6%.

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To calculate the price of a bond with a given coupon rate time to maturity and yield to maturity YTM ... View the full answer