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bond question

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gwsurfside | 12:25 Thu 12th Jul 2007 | Personal Finance
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How much should you pay for a bond with a $700 face value, a 5% coupon rate, and five years to maturity if your appropriate discount rate is 7% and interest is paid annually?
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Avatar Image CheekyChops
16p.
20:45 Thu 12th Jul 2007

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