In 2016 zzz sold bonds each had a face value 1000 and a
Problem
In 2016 zzz sold bonds, each had a face value $1000 and a coupon payment of $90 per year. zzz received $980 for each bond. What was the markets expected rate of interest in 2016?
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problemin 2016 zzz sold bonds each had a face value 1000 and a coupon payment of 90 per year zzz received 980 for each
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