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How much would you be willing to pay for a $1,000 bond that has a coupon rate of 8%, with 8 years left until maturity,
How much would you be willing to pay for a $1,000 bond that has a coupon rate of 8%, with 8 years left until maturity, if the current market rate is 5% $1,193.90 $890.69 $1,296.41 $975.04 Step by Step Solution
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Millon Cornett
1st International Edition
0071181334, 9780071181334
