Question: Assume that Microsoft bonds have just left the printer and have a stated coupon of$100 (a coupon rate of10%) and a yieldtomaturity of15%. The bonds

Assume that Microsoft bonds have just left the printer and have a stated coupon of$100 (a coupon rate of10%) and a yieldtomaturity of15%. The bonds mature in three years and the next coupon is due in one year. What is the fair price for the bondtoday?

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6. It is what the person has previously done for the group that is the deciding factor.

3. It is the commitment you show that is the deciding factor.

4. It is the principle of equality (according to very specific criteria of equality) that is crucial.