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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Investments Analysis And Management

ISBN: 9781118975589

13th Edition

Authors: Charles P. Jones, Gerald R. Jensen

Question Posted: Dec 27, 2023 05:24 AM

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A sevenyear, 5 percent coupon bond is sold at par. However, soon after the bond is sold,

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Investments Analysis And Management

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