Mark has a Treasury bond with a par value of $30,000 and a coupon rate of 6%.

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Mark has a Treasury bond with a par value of $30,000 and a coupon rate of 6%. The bond has fifteen years to maturity. Mark needs to sell the bond and new bonds are currently carrying coupon rates of 4%. At what price should Mark sell the bond?

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ISBN: 9780134989969

7th Edition

Authors: Jeff Madura

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Question Posted: Jan 03, 2023 12:42 AM

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Mark has a Treasury bond with a par value of $30,000 and a coupon rate of 6%.

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Mark should ask for 3666240 Required information Coupon payment C ...View the full answer

Personal Finance

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