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Suppose Its Almost Friday Co. wants to issue a $1,000 bond with 5 years to maturity. This bond has an annual coupon rate of 9%.
Suppose Its Almost Friday Co. wants to issue a $1,000 bond with 5 years to maturity. This bond has an annual coupon rate of 9%. Similar bonds have a yield to maturity of 8%. The present value of coupon payments is ________, and the present value of the bonds face value is _________.
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