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calculate the fair present values of the following bonds, all of which pay interest semi annually, have a face value of $1000 have 20 years
calculate the fair present values of the following bonds, all of which pay interest semi annually, have a face value of $1000 have 20 years remaining to maturity and have a required rate of return of 10%
A the bond has a 6% coupon rate
B the bond has an 8% coupon rate
C the bond has a 10% coupon rate
Whats your answers to parts a ABC say about the relation between coupon rates and present values
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