Why do we use the market interest rate to calculate the price of a bond, rather than

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Why do we use the market interest rate to calculate the price of a bond, rather than the bond’s stated interest rate?

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Financial Management For Public, Health, And Not-for-Profit Organizations

ISBN: 9781506396811

6th Edition

Authors: Steven A. FinklerDaniel L. Smith, Thad D. Calabrese

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Question Posted: Sep 27, 2022 01:35 AM

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Why do we use the market interest rate to calculate the price of a bond, rather than

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While the bonds stated interest rate will not ...View the full answer

Financial Management For Public, Health, And Not-for-Profit Organizations

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