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What price will you get

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Question - You own a bond with a face value of $10,000. It matures on March 1, 2031 and pays interest semi-annually at a coupon rate of 7.5%. Current interest rates for securities of comparable maturity and credit quality are 5.00%. (Attach an Excel spreadsheet showing the answer)

If you sell the bond on March 1, 2021, what price will you get?

Reference no: EM132898202

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