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Posted on Jul 29, 2024

The current market price of a bond that has a 1 0 year maturity, $ 1 , 0 0 0 par value, 6 % annual

The current market price of a bond that has a

10

year maturity, $

1, 000

par value,

6 %

annual pay coupon if investors currently require a

7 %

return is:

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