Market price-comparable market interest rates drop

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What is the market price of a $1000, 8 percent bond if comparable market interest rates drop to 6 percent and the bond matures in 15 years?

Reference no: EM13763916

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Market price-comparable market interest rates drop : What is the market price of a $1000, 8 percent bond if comparable market interest rates drop to 6 percent and the bond matures in 15 years?
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