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Assume a $1,000 face value bond has a coupon rate of 7.8 percent paid semiannually and has an eight-year life. (a) If investors are willing
Assume a $1,000 face value bond has a coupon rate of 7.8 percent paid semiannually and has an eight-year life. (a) If investors are willing to accept a 10.8 percent rate of return on bonds of si...
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