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Doug has been approached by his broker to purchase a bond of $850. He believes the bond should yield 10%. The bond Pays 7% annual coupon rate and has 12 years left until maturity. What should doug's analysis of the bond indicate to him?
Basic Finance, Finance
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Company X has a 7 percent semiannual coupon bonds that sells for $976, has a face value of $1,000, and has a yield to maturity of 8.079 percent. How many years will it be until this bond matures?
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