Business, 28.11.2020 02:50 lclaudettecarte3550
This morning, Mary bought a ten-year, $1000 par value bond with a 7.0% coupon rate and annual payments. She paid $994 for the bond. If the market interest rate on this type of bond decreases to 6.5% tonight, how much will Mary receive for her first coupon payment?a. $32.50.b. $35.00.c. $65.00.d. $69.58.e. $70.00.
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This morning, Mary bought a ten-year, $1000 par value bond with a 7.0% coupon rate and annual paymen...
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