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Question: A bond has a 7.5 percent annual coupon rate. It will mature in 5 years, and semi-annual coupon payments are made at the end of each year. Present annual yields on similar bonds are 6.5 percent. What should be the current price? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Accounting Basics, Accounting

Category:- Accounting Basics
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