A bond has $2,000 face value, 26 years to maturity, and 5.4% annual coupon rate...
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Finance
A bond has $2,000 face value, 26 years to maturity, and 5.4% annual coupon rate with coupons paid semiannually. The yield to maturity (YTM) is 6.12%. What is this bonds market price? Assume the interest rate compounds semiannually.
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