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Question Three 6.1,6.3, PE1 Samer purchased a bond that was first issued by Alpha Company. The bond has a face value of $1000, a coupon
Question Three 6.1,6.3, PE1 Samer purchased a bond that was first issued by Alpha Company. The bond has a face value of $1000, a coupon rate of 4%, and matures in three years. Interest is paid semi annually. What is the current value or price of the bond if similar risk investments yield 2% ? Is the value above or below par? Why
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