Question: Show step-by-step solution and solve manually: 7. When the bond price equals the principal, then it is referred to as a par bond. Prove that

Show step-by-step solution and solve manually: 7. When the bond price equals the principal, then it is referred to as a par bond. Prove that when the YTM equals coupon rate, and with the same compounding frequency, then the bond is a par bond.

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