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A bond has a par value of $1,000, six years to maturity, and a 4% coupon rate. When the bond was originally sold, it
A bond has a par value of $1,000, six years to maturity, and a 4% coupon rate. When the bond was originally sold, it was priced at $1,000 but now the bond sells for $1,054. What is the most likely interest rate (right now)?
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
