Consider a 10 coupon issue that matures in 10 years and 2, Ask an Expert

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Consider a 10% coupon issue that matures in 10 years and 2 months, interest is paid semiannually and investors require a quoted 8% yield-to-maturity. Suppose that as of the next interest date, the bond will have 10 years of life remaining. What should this bond sell for?

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Financial Management, Finance

Category:- Financial Management
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