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QUESTION
one year ago, Alpha Supply issued 15 year bond at par. The bonds have a coupon rate of 6.5% and pay interest annually. Today, the market rate of...
one year ago, Alpha Supply issued 15 year bond at par. The bonds have a coupon rate of 6.5% and pay interest annually. Today, the market rate of interest on these bonds is 7.2%.How does the price of these bonds today compare to the issues price?
