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Moore Company is about to issue a bond with semiannual coupon payments, a coupon rate...

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Finance

Moore Company is about to issue a bond with semiannual coupon payments, a coupon rate of 8%, and par value of $1,000. The yield to maturity for this bond is 10%. a. What is the price of the bond if the bond matures in five AND twenty years? b. What do you notice about the price of the bond in relationship to the maturity of the bond?

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