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OpenStudy (anonymous):
Par value=$5,000, Coupon Rate= 5%, YTM= 20 yrs, YTM= 8% what is bond price?
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OpenStudy (anonymous):
Got a financial calculator?
OpenStudy (anonymous):
Usually this is done on a financial calculator, if you have one, I can show you how to use it. Doing this on paper is a waste of time, since it's 20 years.
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