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Questions. The John Bonomo company's bonds have four years remaining to maturity. The bonds have a $1.000 face value and coupon rate is 8.75% paid
Questions. The John Bonomo company's bonds have four years remaining to maturity. The bonds have a $1.000 face value and coupon rate is 8.75% paid annually. + 16 pts. Would you pay $935 for one of these bonds if you thought that the market interest rate on the comparable bonds is 10%! pts. Suppose you purchased the bond for $935. Two years later from the date of purchase, the market interest rate en comparable bonds decreases to 7%. At what price would the bords sell?
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