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Business, 30.03.2020 23:59 chgnjcb

A bond with a $1,000 face value and an 8 percent annual coupon pays interest semiannually. The bond will mature in 15 years. The nominal yield to maturity is 11 percent. What is the price of the bond today?

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A bond with a $1,000 face value and an 8 percent annual coupon pays interest semiannually. The bond...
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