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A bond is available for purchase. If current interest rates are 4.00%, is this bond over or under priced? Issued 2014 Par Value (Face Value)
A bond is available for purchase. If current interest rates are 4.00%, is this bond over or under priced?
| Issued | 2014 |
| Par Value (Face Value) | 1,000 |
| Coupon rate | 4.25% |
| Payment | 42.5 |
| Term (years) | 30 |
| Years to Maturity | 22 |
| Asking price | 1,025.00 |
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
