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Large purple dress INC. HAS SOME BOND OUTSTANDING WITH A 6.25% COUPON AND FOUR YEARS REMAINING UNTIL maturity. Since these bond were issued, interest rates
Large purple dress INC. HAS SOME BOND OUTSTANDING WITH A 6.25% COUPON AND FOUR YEARS REMAINING UNTIL maturity. Since these bond were issued, interest rates has increased, these bonds are now trading at a 7.375% YTM. Remember, these are Taiwanese bond, Not American . What is the market price for $1000 face value of this bond?
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