What is price of the bond

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Reference no: EM131850091

Suppose you buy a 30 year bond that pays a 6% coupon for the first 15 years and a 8% coupon for the last 15 years. The YTM of this bond is 7%. What is the price of the bond?

(Bonds is semi-annual, yield measures is stated a s annual percentage rate)

Reference no: EM131850091

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