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Business, 25.02.2020 04:04 Kyliehayden05

(b) Now suppose you have purchased a 3-year bond with face value of $1000, a 7% annual coupon, 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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(b) Now suppose you have purchased a 3-year bond with face value of $1000, a 7% annual coupon, and a...
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