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Company A ' s Class Q bonds have a 1 3 - year maturity,$ 1 , 0 0 0 par value, and a 1 0
Company As Class Q bonds have a year maturity,$ par value, and a coupon paid semiannually each months and those bonds sell at their par value. Company As Class P bonds have the same risk, maturity, and par value, but the P bonds pay a annual coupon. Neither bond is callable. At what price should the annual payment bond sell?
Company As Class Q bonds have a year maturity,$ par value, and a coupon paid semiannually each months and those bonds sell at their par value. Company As Class P bonds have the same risk, maturity, and par value, but the P bonds pay a annual coupon. Neither bond is callable. At what price should the annual payment bond sell?
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