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A firm has bonds outstanding with 7 years left to maturity. You are entitled to 7 more interest payments at the end of each year.
A firm has bonds outstanding with 7 years left to maturity. You are entitled to 7 more interest payments at the end of each year. The bonds have an 8% semi-annual coupon and were issued 13 years ago at par value of $1000. However, due to changes in interest rates, the bond
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