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Presented below are annual coupon rates, yield rates, and expected duration for a series of debentures. Calculate the issuance price for each debenture assuming
Presented below are annual coupon rates, yield rates, and expected duration for a series of debentures. Calculate the issuance price for each debenture assuming that the face value of each bond is $1,000 and that interest is paid semiannually. Bond Coupon Rate Yield Rate Duration A 6.0 % 6.0 % 10 years B 9.0 % 8.0 % 15 years C 0.0 % 6.0 % 8 years D 4.0 96 8.0 % E 5.0 % 10.0 % 5 years 6 years Do not round until your final answer. Round your answer to the nearest dollar.
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