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any help is appreciated!! Intro The University of California has two bonds outstanding. Both issues have the same credit rating, a face value of $1,000
any help is appreciated!!
Intro The University of California has two bonds outstanding. Both issues have the same credit rating, a face value of $1,000 and a coupon rate of 6%. Coupons are paid twice a year. Bond A matures in 1 year, while bond B matures in 30 years. The market interest rate for similar bonds is 12%. Part 1 Attempt 2/10 for 10pts. What is the price of bond A Step by Step Solution
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