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Business, 05.04.2021 04:20 keke6361

If the par value of 15-year bond is $5,000 with coupon rate $5% but the market rate/discount rate is 5.5%, the value of the bond is more or less than $5,000? Why?

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If the par value of 15-year bond is $5,000 with coupon rate $5% but the market rate/discount rate is...
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