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A company issued 10-year bonds three years ago with a coupon of7 percent. If the current market rate is 8 percent and the bondsmake annual
A company issued 10-year bonds three years ago with a coupon of7 percent. If the current market rate is 8 percent and the bondsmake annual coupon payments, what is the current market value ofone of 2 answers
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Derivatives Markets
Authors: Rober L. Macdonald
4th edition
321543084, 978-0321543080
