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  3. your bond has a coupon rate of 4.8% and pays quart

Your bond has a Coupon Rate of 4.8% and pays quarterly coupons. The bond matures...

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Accounting

Your bond has a Coupon Rate of 4.8% and pays quarterly coupons. The bond matures in 8 years. Rates just decreased to 4.3%. Remember Par Value is $1,000. What is the new price of the bond?

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