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Harrimon Industries bonds have 4 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate
Harrimon Industries bonds have 4 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 9%. The fair market interest rate for such a bond is 12%. At which of the following prices would you buy the bond? i. $850 ii. $905 iii. $910
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