Jill purchased a 10% Canada Bond one year ago and paid $1115 for it when the interest

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Jill purchased a 10% Canada Bond one year ago and paid $1115 for it when the interest rates were 9%. Interest rates are now 7%. What is the market price of the bond.

Posted Date: May 10, 2024 03:07 AM

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Jill purchased a 10% Canada Bond one year ago and paid $1115 for it when the interest

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Given Face value of the bond FV 1000 since its a Canada Bond Coupon rate C 10 of face ... View the full answer

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