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Ripoff Rentals has issued bonds that have a 10% coupon rate, payable semi-annually. The bonds mature in 8 years, have a face value of $1,000, and a yield to maturity of 8.5%. What is the price of the bonds?
Basic Finance, Finance
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What is the price of a consol with a coupon payment of $200 per year if the interest rate is 10 percent? What is the interest rate on a consol if the coupon payment is $400 and the price of the consol is $8,000?
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