We have a 12 20 year bond which we buy when the ytm is 10


We have a 12% 20 year bond, which we buy when the ytm is 10%. We intend to sell it in 2 years at which time required rates are 8%. Derive the price of the bond. Do not use excel, and show formulas please.

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Financial Management: We have a 12 20 year bond which we buy when the ytm is 10
Reference No:- TGS02377001

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