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Calculate the market price of a bond having the following

Question: (a) Calculate the market price of a bond having the following characteristics: face value of $1,000, matures in 2 years, coupon rate of 9 percent, and effective yield of 12 percent.

(b) Compute the market price of the bond in part (a) assuming that it matures in 20 years.

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Finance Basics: Calculate the market price of a bond having the following

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Finance Basics: Calculate the market price of a bond having the following

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