Suppose you have a 1000 face value bond with 12 years to


Suppose you have a $1,000 face value bond with 12 years to maturity, a coupon rate of 6% and a yield to maturity of 8%. If the bond makes semiannual payments, what is its price today?

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Financial Management: Suppose you have a 1000 face value bond with 12 years to
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