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Pinder Co issues a 5-year 6% p.a. semi-annual coupon bond with a face value of $1,000. At issue, the effective annual bond yield is 10%.

Pinder Co issues a 5-year 6% p.a. semi-annual coupon bond with a face value of $1,000. At issue, the effective annual bond yield is 10%. One year after issue, the bond yield decreases to 8%. If you ha...

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