The market is returning 8 on comparable bonds what is the
A $1,000 par value, 30 year bond is five years old. It pays interest once a year at an annually compounded coupon rate of 12%. The market is returning 8% on comparable bonds. What is the bond's market price? What formula is used for this problem?
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a 1000 par value 30 year bond is five years old it pays interest once a year at an annually compounded coupon rate of
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