Consider a bond with a face value of £100, an annual coupon rate of 5% and 25 years to maturity. If the annual yield is
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Consider a bond with a face value of £100, an annual coupon rate of 5% and 25 years to maturity. If the annual yield is
Consider a bond with a face value of £100, an annual coupon rate of 5% and 25 years to maturity. If the annual yield is constant at 14%, what is the price of the bond? (NB: If necessary, round your answer to 2 decimal places.)
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