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Yest Corporation's bonds have a 10-year maturity, a 8% semiannual coupon, and a par value of $1,000. The going interest rate (ra) is 5%, based
Yest Corporation's bonds have a 10-year maturity, a 8% semiannual coupon, and a par value of $1,000. The going interest rate (ra) is 5%, based on semiannual compounding. A. What is the bond's price? B. What is the bond price if you just held it in 3 years and sell it with $1,100 at the end of year 3
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