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25. Determine the price for each bond. Each case is independent of the others. a. A bond issue for 10,000,000 with an 8% coupon, with
25. Determine the price for each bond. Each case is independent of the others. a. A bond issue for 10,000,000 with an 8% coupon, with interest paid semiannually. The bond is for 20 years. The market rate of interest is 9% b. A bond issue for 10,000,000 with a 10% coupon paid semiannually. The bond is for 10 years. The market rate of interest is 12%. TC. A zero coupon bond issue for 10,000,000. The bond is for 15 years and the market rate of interest is 7%
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