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Given the par value, yield to maturity, coupon rate and maturity the price of a bond at maturity can be calculated.
Please fix these errors:
Interpretation:
With a coupon rate of #Rate#% and a YTM of #YTM#%, a bond that has a
$#ParValue# par value and a term to maturity of #Maturity# years will be worth
exactly $#Price# at maturity.
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OOPS!!!
The result is too small.
Try again.
OOPS!!!
Because your annual rate is the same as the yield to maturity, the price will be
equal to par value.
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