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Business, 03.03.2020 04:31 priceb17

Dexter Mills issued 20-year bonds one year ago at a coupon rate of 10.2 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM is 8.2 percent, what is the current bond price?

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Dexter Mills issued 20-year bonds one year ago at a coupon rate of 10.2 percent. The bonds make semi...
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