During the remaining life of the bond it pays a 5 coupon
A semi-annual step-up bond matures in 11 years and pays zero coupon payments for the first 5 years. During the remaining life of the bond it pays a 5% coupon payment. If the bond has a YTM of 8% what is the current price of the bond? Show your work
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a semi-annual step-up bond matures in 11 years and pays zero coupon payments for the first 5 years during the remaining
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