Consider a bond issued 10 years ago with an at-issue time to maturity of 30 years. The
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Consider a bond issued 10 years ago with an at-issue time to maturity of 30 years. The bond’s coupon rate is 8 percent and it currently trades in the bond market for 109. Assuming a par value of $1,000, what are the bond’s current time to maturity, semiannual interest payment, and bond price in dollars?
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