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  3. a bond has a coupon rate of 7.7% and pays coupons

A bond has a coupon rate of 7.7% and pays coupons annually. The bond matures...

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Accounting

A bond has a coupon rate of 7.7% and pays coupons annually. The bond matures in 18 years and the yield to maturity on similar bonds is 11.6%. What is the price of the bond

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