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A 7% coupon rate bond has a face value of $1,000, pays interest semiannually, and will mature in 10 years. If the current market rate is 8% interest compounded semi-annually, what is
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SOLVED: Find the price of a 10% coupon bond with a face value of $1000, a 12.25% yield to maturity, and eight years to maturity. The price of the bond is 889.20.
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