ABC bonds hava a coupon rate of 8%, a par value of $1,000, and will...
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Finance
ABC bonds hava a coupon rate of 8%, a par value of $1,000, and will mature in 20 years. The market rate is 7%. a) what price would you be willing to pay for the bond? b) if you were able to pay less for the bond, then what happended?
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