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Two years ago bonds were issued with 10 years until maturity, selling at par, and a 7% coupon. If interest rates for that grade of
Two years ago bonds were issued with 10 years until maturity, selling at par, and a 7% coupon. If interest rates for that grade of bond are currently 8.25%, what will be the market price of these bonds? Answers: A. $917.06 B. $928.84 C. $987.50 D. $1,000.00 Please show calculations. I have answer C but not sure if it's right
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