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Assume on January 1, 2020, Debras Coffee issues a $1,000, 10-year, 4% (coupon rate) bond that pays a semiannual interest payment and currently yields a
Assume on January 1, 2020, Debras Coffee issues a $1,000, 10-year, 4% (coupon rate) bond that pays a semiannual interest payment and currently yields a market adjusted interest rate of 5%. Calculate the issue price/market price of the bonds by using your financial calculator.
$725.05 | ||
$900.05 | ||
$922.05 | ||
$832.05
|
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