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A firm is going to issue a 15-year bond with semi-annual coupon payments. The face value is $1,000 and the coupon rate is 6% per
A firm is going to issue a 15-year bond with semi-annual coupon payments. The face value is $1,000 and the coupon rate is 6% per year. If the market requires an annual return of 5% on the bond, the bond price should be ________. Question 20 options: A) $1,105 B) $884 C) $1,037 D) $926
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