If the annual coupon payment is 10 percent and yield of


A bond with par value of $1000, issued in 31.12.2000 and maturing in 10 years. The settlement date was on 30.11.2009. If the annual coupon payment is 10 percent and yield of maturity is 12 percent, what is the value of bond on 30.11.2009?

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Financial Management: If the annual coupon payment is 10 percent and yield of
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