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Business, 04.07.2020 14:01 snot1766p5flsr
Chris has been offered a seven-year bond (face value $1,000) issued by Bayley Ltd at a price of $943.22. The bond has a coupon rate of 9 percent and pays the coupon semiannually. Similar bonds in the market will yield 10 percent today. Should he buy the bonds at the offered price? (Round to the nearest dollar.)
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Chris has been offered a seven-year bond (face value $1,000) issued by Bayley Ltd at a price of $943...
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