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Business, 10.03.2020 19:54 cody665

Bond with $10,000 face value and fixed interest payments of $470 that matures in 3 years: ⢠Semiannual coupon rate is 4.7% ($470/$10,000) or 9.4% per annum. ⢠If the market rate of interest equals 4.7% semiannually, the bond sells for:

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Bond with $10,000 face value and fixed interest payments of $470 that matures in 3 years: ⢠Semiann...

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