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Posted on Oct 06, 2024

A firm offers 1 0 - year, 8 . 5 percent coupon bonds with semiannual payments and a yield to maturity of 4 percent. What

A firm offers

10 -

year,

8.5

percent coupon bonds with semiannual payments and a yield to maturity of

4

percent. What is the current market price if the face value is $

1, 000 ?

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