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QUESTION
XYZ Corporation issued a 10-year bond on 9/1/2005 which pays semi-annual coupons, has a $1,000 par value, and a coupon rate of 7%. Today, the bond...
16. XYZ Corporation issued a 10-year bond on 9/1/2005 which pays semi-annual coupons, has a $1,000 par value, and a coupon rate of 7%. Today, the bond has a current yield of 7.25%. What can we say about this bond today?
