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What is the current market value of one of these bonds if it was a zero-coupon rate?

Assignment Questions:  (Marks: 15) A company issued 10-year bonds three years ago with a coupon of 7 percent. If the current market rate is 8 percent and the bonds make annual coupon payments, what is the current market value of one of these bonds? what is the current market value of one of these bonds […]

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