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What is the market value of the following bond? Coupon 8% Maturity date 2038 Interest paid semiannually Par Value $1000 Market interest rate 10% Please
- What is the market value of the following bond?
Coupon 8%
Maturity date 2038
Interest paid semiannually
Par Value $1000
Market interest rate 10%
Please show how you got your answer.
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