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What is the price today of a Tin-Tan Inc.'s bond? The bond matures in 15...

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Finance

What is the price today of a Tin-Tan Inc.'s bond? The bond matures in 15 years, has a coupon rate of 8%, and has, today, a yield to maturity (YTM) of 10%. The bond has semiannual coupon payments and a par value of $1,000.

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