A corporation issued a 1000 par value bond paying 4
A corporation issued a $1,000 par value bond paying 4% interest with 10 years to maturity. Assume the current yield to maturity on such bonds is 5 %. What is the price of the bond?
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a corporation issued a 1000 par value bond paying 4 interest with 10 years to maturity assume the current yield to
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