finance

October 14, 2020/in Business and finance 2 /by admin

A 30-year bond with a face value of $1,000 and a 5 percent coupon payment was issued in 2010. Since the bond was issued, interest rates have risen to 7 percent on comparable bonds. What is the bond selling for today?

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"Get 15% discount on your first 3 orders with us"
Use the following coupon
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