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You purchase a bond new issue with a ten-year maturity and a face value of $1000 This bond has a 4% coupon that is paid
You purchase a bond new issue with a ten-year maturity and a face value of $1000 This bond has a 4% coupon that is paid semi-annually. If interest rates on similar bonds rise to 5%, will this bond be trading at a premium , discount, or at par?
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Financial Management Principles And Applications
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
10th Edition
0131450654, 9780131450653
