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Murray Telecom has an outstanding issue of bonds with a par value of $1,000 and paying a 3.80 percent p.a. coupon rate with semiannual payments.
- Murray Telecom has an outstanding issue of bonds with a par value of $1,000 and paying a 3.80 percent p.a. coupon rate with semiannual payments. The bonds were issued 30 years ago and have 15 years to maturity. What should be the current price per bond, assuming a 4.28 percent p.a. yield on comparable securities?
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Stock Market Investing For Beginners
Authors: Andrew P.C.
1st Edition
1549522132, 978-1549522130
