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The Morrissey Companys bonds mature in 7 years, have a part value of $1,000, and make an annual coupon payment of $70. The market interest
The Morrissey Companys bonds mature in 7 years, have a part value of $1,000, and make an annual coupon payment of $70. The market interest rate for the bonds is 8.5%. What is the bonds price?
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Financial Trading And Investing
Authors: John Teall
1st Edition
0123918804, 978-0123918802
