What is the price today of a 4-year 10% coupon bond if it yields 4% APR? Show populated formulas!
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answerhappygod
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What is the price today of a 4-year 10% coupon bond if it yields 4% APR? Show populated formulas!
Present value of a lump-sum: FV PV = (1+r)" 1 1 PVA = PMT r r(1+r)" Present Value of an annuity: =
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