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A bond with 8% coupon with semiannual coupon payments has par value of $1,000 and maturity of 9 years. Currently, the market interest rate on
A bond with 8% coupon with semiannual coupon payments has par value of $1,000 and maturity of 9 years. Currently, the market interest rate on similar risky bonds is 10%. What is the price of this bond?
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Make Money Teaching Online Courses
Authors: Andrew P.C.
1st Edition
1071003925, 978-1071003923
