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QUESTION
A Company has $1,000 par value bonds outstanding at 10 percent interest. The bonds will mature in 50 years. The yield to maturity is 5 percent....
A Company has $1,000 par value bonds outstanding at 10 percent interest. The bonds will mature in 50 years. The yield to maturity is 5 percent. Interest is paid twice per year. How much would the bond sell for
