Suppose Turner Enterprises sold an issue of bonds with the following original maturity (n), par value (M), coupon rate, and semiannual interest payments Two years after the bonds were issued, the going rate of interest on bonds such as these rose to 14 At what price would the bonds sell At what price would the bonds sell if the interest rate had fallen to 9 INPUT DATA 25 2 2 n m year $1,000 Par 14 00 9 00 11 80 2a coupon rate

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Suppose Turner Enterprises sold an issue of bonds with the following original maturity (n), par value (M), coupon rate, and semiannual interest payments  Two years after the bonds were issued, the going rate of interest on bonds such as these rose to 14   At what price would the bonds sell  At what price would the bonds sell if the interest rate had fallen to 9   INPUT DATA 25 2 2 n m year $1,000 Par 14 00  9 00  11 80  2a coupon rate

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Suppose Turner Enterprises sold an issue of bonds with the following original maturity (n), par value (M), coupon rate, and semiannual interest payments. Two years

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