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You observe that The James Company Inc. issued a $10 trillion 7-year bond 5 and a half years ago. The bond pays its 7 percent
You observe that The James Company Inc. issued a $10 trillion 7-year bond 5 and a half years ago. The bond pays its 7 percent coupon semi-annually.
- If the current market interest rates are 5.5 percent, what will a bond from the James Company sell for in the market today?
- What is the current yield on this bond?
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Analysis Of Financial Data
Authors: Gary Koop
1st Edition
0470013214, 978-0470013212
