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What is the price of the following bond: 10 years to maturity, par value of $1,000, the annual coupon rate is $65 and the market interest rate is 8%. How much should you pay for this bond?

You just purchased for a bond for $1,206 with 20 years to maturity and a par value of $1,000. Its annual coupon rate is $75. What is the bond's yield to maturity?

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Category:- Basic Finance
Reference No.:- M9791347

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