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Posted on Jul 28, 2024

Bond C has a $ 1 , 0 0 0 face value and provides an 8 % semi - annual coupon for 1 5 years.

Bond C has a $

1, 000

face value and provides an

8 %

semi

-

annual coupon for

15

years. The appropriate discount rate is

10 % (

annual rate

) .

What is the value of the coupon bond?

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