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A bond has an annual coupon of 8.3%, a term to maturity of 19 years, a par value of $1,000. Yields or comparable market rates
A bond has an annual coupon of 8.3%, a term to maturity of 19 years, a par value of $1,000. Yields or comparable market rates for this bond are 5.4%. Based on this information: What is the value or price of the bond? Show 2 decimals, for example: $999.99. A bond has an annual coupon of 8.3%, a term to maturity of 19 years, a par value of $1,000. Yields or comparable market rates for this bond are 5.4%. Based on this information: What is the value or price of the bond? Show 2 decimals, for example: $999.99
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