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ABC Co. issued 15-year bonds 13 years year ago at a coupon rate of 10 percent. The bonds make semiannual payments and have a par
ABC Co. issued 15-year bonds 13 years year ago at a coupon rate of 10 percent. The bonds make semiannual payments and have a par value of $1,000. What are the coupon payments from the bond? If the YTM on these bonds is 12 percent, what is the current bond price? Provide the bond price in two decimal points
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