An 8 percent annual coupon, noncallable $1,000 bond has ten years until it matures and a yield
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An 8 percent annual coupon, noncallable $1,000 bond has ten years until it matures and a yield to maturity of 9.1 percent. What should be the price be?
Related Book For
Bank Management and Financial Services
ISBN: 978-0078034671
9th edition
Authors: Peter Rose, Sylvia Hudgins
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