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A bond has a par value of $1,000, a coupon rate of 4.80 percent(paid annually), and that matures in 8 years. Assume the marketinterest rate

A bond has a par value of $1,000, a coupon rate of 4.80 percent(paid annually), and that matures in 8 years. Assume the marketinterest rate on this bond is 5.88 percent and it decreases 21basic poi 2 answers

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