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ivorydog394Lv1
28 Sep 2019
A 10-year bond with a $1,000 face value has a coupon rate of 8 percent paid semiannually. If current interest rates are 7 percent for bonds of a similar nature, calculate the price of the bond.
A 10-year bond with a $1,000 face value has a coupon rate of 8 percent paid semiannually. If current interest rates are 7 percent for bonds of a similar nature, calculate the price of the bond.
Sixta KovacekLv2
28 Sep 2019