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A 10 year $1,000 par value bond was sold at par with a coupon of 8.2% paid semi- annually. It is now 2-years to
A 10 year $1,000 par value bond was sold at par with a coupon of 8.2% paid semi- annually. It is now 2-years to maturity and investors are requiring a 9% yield on this bond. Calculate the approximate current market value of the band? Oa) $986 Ob) $853 O c) $997 O d) $841 Listen
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
