A given bond has 5 years to maturity it has a face value of
A given bond has 5 years to maturity. It has a face value of $1,000. It has a YTM of 6% and the coupons are paid semiannually at a 10% annual rate.
What does the bond currently sell for? Please show me the steps to arrive to the answer
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a given bond has 5 years to maturity it has a face value of 1000 it has a ytm of 6 and the coupons are paid
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