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Ten years ago, ABC Corp. issued 40 year bonds with a $1,000 face value and a 8% coupon rate, paid semiannually. Bond of this risk
Ten years ago, ABC Corp. issued 40 year bonds with a $1,000 face value and a 8% coupon rate, paid semiannually. Bond of this risk currently have a yield to maturity of 10%. How much would you expect to pay for one of these bonds today?
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