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Business, 21.01.2021 22:20 cathydaves
Now suppose you have purchased a 3-year bond with a face value of $1,000, 7% annual coupon rate, and a price of $975. Assuming that you hold the bond to maturity, is the IRR greater or less than the return on the bond in part (a)?
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Now suppose you have purchased a 3-year bond with a face value of $1,000, 7% annual coupon rate, and...
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