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A 15-year bond with a 5.5% coupon and a $1,000 par value is currently priced at $940. a. If the current market interest rate is
A 15-year bond with a 5.5% coupon and a $1,000 par value is currently priced at $940. a. If the current market interest rate is 7.5%. Should you buy the bond? Why or why not? b. Assuming you buy and hold this bond for 10 years. What price must you sell the bond for if you want to earn a 8% rate of return on this investment
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