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QUESTION
Consider a 10 year coupon bond, with face value 100, paying an annual coupon of 5%. What is its price if its annually compounded yield to maturity is...
Consider a 10 year coupon bond, with face value 100, paying an annual coupon of 5%. What is its price if its annually compounded yield to maturity is 5%. What if it is 3% or 7%?
