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Find a fair price

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Reference no: EM132376325

Joe Bob is issuing a 20 year, 8% coupon bond. The market yield on this type of bond is 6%. Find a fair price.

What is the equation to answer this question?

Reference no: EM132376325

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Find a fair price : Joe Bob is issuing a 20 year, 8% coupon bond. The market yield on this type of bond is 6%. Find a fair price.
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