Question: You own a 2 0 2 0 - year, $ 1 comma 0 0 0 1 , 0 0 0 par value bond paying 6

You own a
2020-year,
$1 comma 0001,000
par value bond paying
66
percent interest annually. The market price of the bond is
$875875,
and your required rate of return is
99
percent.

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