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Mario bought a bond with a face amount of $1,000, a stated interest rate of 12%, and a maturity date 18 years in the future
- Mario bought a bond with a face amount of $1,000, a stated interest rate of 12%, and a maturity date 18 years in the future for $979. The bond pays interest on an annual basis. Three years have gone by and the market interest rate is now 6%. What is the market value of the bond today?
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Accounting Ethics
Authors: Ronald F. Duska, Brenda Shay Duska, Julie Anne Ragatz
2nd Edition
1405196130, 978-1405196130
