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Business, 24.02.2020 16:40 edjiejwi

Kevin Rogers is interested in buying a five-year bond that pays a coupon of 10 percent on a semiannual basis. The current market rate for similar bonds is 8.8 percent. What should be the current price of this bond

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Kevin Rogers is interested in buying a five-year bond that pays a coupon of 10 percent on a semiannu...
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