A 14-year bond with a coupon rate of 7.8% has a yield of 7.8%. The bond...
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A 14-year bond with a coupon rate of 7.8% has a yield of 7.8%. The bond pays coupons semi-annually. What is the price of the bond? Answer: A 14-year bond with a coupon rate of 7.8% has a yield of 7.8%. The bond pays coupons semi-annually. What is the price of the bond? Answer:
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