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QUESTION
verbrugge company has a level-coupon bond outstanding that pays coupon interest of $120 per year and has 10 years to maturity. the face value of the...
verbrugge company has a level-coupon bond outstanding that pays coupon interest of $120 per year and has 10 years to maturity. the face value of the bond is $1000. if the yield for similar bonds is currently 14%, what is the bond's current market value?
