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Please help me with this finance question, will give you good rating! Please show all workings, thank you in advance :) l. You've purchased a
Please help me with this finance question, will give you good rating! Please show all workings, thank you in advance :)
l. You've purchased a $1000 bond that matures in 1 1 years. The market rate is 8% and the coupon rate is 2%. a. What is the most you should be willing to pay for the bond? b. If you paid $800 for the bond, what would be its current yieldStep by Step Solution
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