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Business, 24.01.2020 21:31 jordynp2615

Tru inc. is planning to issue a $1,000 face-value bond with an annual coupon rate of 7.5% that matures in 5 years. tru is planning to pay quarterly interest payments. similar tru bonds are quoting at 97.5% of par. what is the price that bond holders will pay for this bond?

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