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A corporation issued a $1000 par value bond paying 3% interest with 15 years to maturity Assume current yield to maturity on such bond is 3% What is the price of the bond

A corporation issued a $1,000 par value bond paying 3% interest with 15 years to maturity. Assume current yield to maturity on such bond is 3%. What is the price of the bond?
 

Apr 29 2020 View more View Less

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