A 10 year 6 semiannual 1000 bond was issued and immediately


A 10 year, 6% semiannual, $1,000 bond was issued and immediately the current market rates rose to 8% (compounded semi annually). How much could that bond be sold for today?

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Finance Basics: A 10 year 6 semiannual 1000 bond was issued and immediately
Reference No:- TGS0610458

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