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In 2001, you purchased a $1,000 corporate bond with a coupon interest rate of 5%. Today, comparable bonds are paying 4.30 percent. What is the
In 2001, you purchased a $1,000 corporate bond with a coupon interest rate of 5%. Today, comparable bonds are paying 4.30 percent.
- What is the approximate dollar price for which you could sell your bond?
- In your own words, describe why your bond increased in value.
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Contemporary Islamic Finance
Authors: Karen Hunt-Ahmed
1st Edition
1118180909, 978-1118180907
