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Question: A bond has a face value of $1,000 with maturity date 20 years from today. The bond pays interest semiannually at a rate of 8% per year based on the face value. If the current rate of similar bonds is 6%, what is the current market value of the bond?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M93127125

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