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please solve question 11 11. A ten-year bond pays 8 percent annual coupon on the semiannual basis. Also, this bond pays a face value of
please solve question 11 
11. A ten-year bond pays 8 percent annual coupon on the semiannual basis. Also, this bond pays a face value of $1,000. If similar bonds are currently yielding 12 percent annually, what is the market value of the bond? (6 points) Step by Step Solution
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Research Methods Statistics and Applications
Authors: Kathrynn A. Adams, Eva Marie K. Lawrence
1st edition
1452220182, 978-1452220185
