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Calculating Bond Issuance Prices Presented below are annual coupon rates, yield rates, and expected duration for a series of debentures. Calculate the issuance price for
Calculating Bond Issuance Prices Presented below are annual coupon rates, yield rates, and expected duration for a series of debentures. Calculate the issuance price for each debenture assuming that the face value of each bond is $1,000 and that interest is paid semiannually. Bond Coupon Rate Yield Rate Duration 9.0 % 6.0 % 10 years B 8.0 %
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