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A corporate bond matures in 17 years, pays an annual coupon rate of 5%, has a...

A corporate bond matures in 17 years, pays an annual coupon rate of 5%, has a par value of $1,000 and a required rate of return of 5.90%. a. What is the current market value of this bond? b. In one year, would you expect the bond price to increase or decrease from its current market value?

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jeff jeffy answered 1 year ago
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