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9- Suppose that five years ago Cisco Systems sold a bond issue to 15 years who had a face value of $ 1,000 and a
9- Suppose that five years ago Cisco Systems sold a bond issue to 15 years who had a face value of $ 1,000 and a coupon rate of 7%. Interest is paid semiannually. If the current interest rate increased to 10% at what price the bonds were sold today?
a. | 813.07 |
b. | 801.25 |
c. | 815.40 |
d. | 805.58 |
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