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Please explain frankly 7-8. (Bond valuation) Nissan has issued 20-year bonds with an annual coupon rate of 8 percent that can be redeemed at a

Please explain frankly 7-8. (Bond valuation) Nissan has issued 20-year bonds with an annual coupon rate of 8 percent that can be redeemed at a $ \$ 1,000 $ par value. If the current market price of the bonds is \( \$ 945 2 answers

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