A bond that matures in 12 years has a par value of 1000 and
A bond that matures in 12 years has a par value of $1,000 and an annual coupon of 12%; the market interest rate is 8%. What is its price?
Value of bond = ?
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a bond that matures in 12 years has a par value of 1000 and an annual coupon of 12 the market interest rate is 8 what
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