10. In 2001, you purchased a $1,000 par value corporate bond with a coupon interest rate of...

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10. In 2001, you purchased a $1,000 par value corporate bond with a coupon interest rate of 5 percent.

Today, comparable bonds are paying 4.30 percent. (LO11.5)

a. What is the approximate dollar price for which you could sell your bond?

b. In your own words, describe why your bond increased in value.

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Focus On Personal Finance

ISBN: 9781259919657

6th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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Question Posted: Jul 24, 2024 07:02 AM

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10. In 2001, you purchased a $1,000 par value corporate bond with a coupon interest rate of...

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Focus On Personal Finance

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