If the market interest rates have risen to 12% on comparable bonds, what is the current value

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If the market interest rates have risen to 12% on comparable bonds, what is the current value of a bond with a coupon rate of 8% and a par value of 1,000 due in 15 years?

Does it sell at a premium or discount?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Sep 25, 2023 03:32 AM

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If the market interest rates have risen to 12% on comparable bonds, what is the current value

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Personal Finance

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