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Posted on May 18, 2024

If a $ 1 0 0 0 par value bond has an 8 % coupon ( annual payments ) rate, a 4 - yearmaturity, and

If a $

1000

par value bond has an

8 %

coupon

(

annual payments

)

rate, a

4 -

yearmaturity, and the interest rate is fixed at

11 %,

what is the price of the bond?

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