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5. An annual bond has the following features: Face value $1,000 Maturity 17 years Coupon rate 10% Discount rate 12% a. What is the market
5. An annual bond has the following features: Face value $1,000 Maturity 17 years Coupon rate 10% Discount rate 12% a. What is the market value of the bond? b. If you bought the bond for $711.96, did you make a profit or a loss? c. Would you buy the bond if it is currently selling for $800.00
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