A bond has a par value of $1,000, a time to maturity of 5 years,...
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Finance
A bond has a par value of $1,000, a time to maturity of 5 years, a coupon rate of 10% with interest paid semi-annually, and a yield to maturity of 12%. a. What is the price of the bond? b. What is the current yield of the bond? c. What is the duration of the bond? d. What is the expected price of the bond described in part (a), but one year from today
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