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Posted on May 18, 2024

A 7 1 / 2 percent coupon bond matures in twenty - one years and sells for $ 7 5 0 . What percentage of

7 1 / 2

percent coupon bond matures in twenty

-

one years and sells for $

750 .

What percentage of the bond

s current value comes from the interest the bond pays over its remaining life?

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