Consider a coupon bond that has a $1,000 par value and a coupon rate of...
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Finance
Consider a coupon bond that has a $1,000 par value and a coupon rate of 7%. The bond is currently selling for $1,057.45 and has two years to maturity. What is the bonds yield to maturity?
A bond maturing in 15 years at a par value of $1,000 has a coupon rate of 6% and current yield of 8%. What is the price of the bond?
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