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Business, 02.11.2020 16:40 lizchavarria863

Eighteen years ago a firm issued $1000 par value bonds with a 6% annual coupon rate and a term to maturity of 30 years. Market interest rates have increased since then and par value bonds today would carry an annual coupon rate of 8% (current yield to maturity). What would these bonds sell for today if they made annual coupon payments

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