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QUESTION
A bond makes an annual $80 interest payment (8% coupon). The bond has five years before it matures, at which time it will pay $1,000.
A bond makes an annual $80 interest payment (8% coupon). The bond has five years before it matures, at which time it will pay $1,000. Assuming a discount rate of 10%, what should be the price of the bond
Question: 1A bond makes an annual $80 interest payment (8% coupon). The bond has five years before it matures,at which time it will pay $1,000. Assuming a discount rate of 10%, what should be the...