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Business, 30.03.2021 03:00 purplefish53

The bond, which has a $1,000 face value and a coupon rate equal to 10 percent, matures in six years. Interest is paid every six months; the next interest payment is scheduled for six months from today. Assuming the yield on similar risk investments is 14 percent, calculate the current market value (price) of the bond.

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The bond, which has a $1,000 face value and a coupon rate equal to 10 percent, matures in six years....
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