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problem: Wilson Company will issue $300,000,000 of seven percent, $1000 Par bonds on November 15, 2004. The bonds will pay interest semiannually & mature on November 15, 2011.

Without doing the computation would the price of the bond increase, decrease or stay the same if the maturity date was changed to November 15, 2009. Describe you resoning.

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  • Reference No.:- M921146

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