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Business, 29.01.2021 05:40 ochoachanna

The Treasury department issued a 10-year bond on January 1, 2015. The par value is $1,000 and the annual coupon rate is 10%. The bond pays two coupons every year, one at the end of June and one at the end of December. The required annual yield is 8%. An investor bought the bond on March 31, 2015. What is the price that he should pay for the bond

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The Treasury department issued a 10-year bond on January 1, 2015. The par value is $1,000 and the an...

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