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Business, 29.10.2020 16:40 korirosekc

Last year a firm issued 20-year, 8% annual coupon bonds at a par value of $1,000. Suppose that 1 year later the going market interest rate drops to 6%. What is the new price of the bonds, assuming they now have 19 years to maturity

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Last year a firm issued 20-year, 8% annual coupon bonds at a par value of $1,000. Suppose that 1 yea...
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