1 0 A $ 1 , 0 0 0 par value bond was issued 2 5 years ago at a 1 2 percent coupon rate It currently has 1 5 years remaining to maturity Interest rates on similar debt obligations are now 8 percent

Question

1 0   A $ 1 , 0 0 0 par value bond was issued 2 5 years ago at a 1 2 percent coupon rate  It currently has 1 5 years remaining to maturity  Interest rates on similar debt obligations are now 8 percent

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Question

1 0 . A $ 1 , 0 0 0 par value bond was issued 2 5 years ago at a 1 2 percent coupon

$10 .$ A $ $1, 000$ par value bond was issued $25$ years ago at a $12$ percent coupon rate. It currently has $15$ years remaining to maturity. Interest rates on similar debt obligations are now $8$ percent.

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