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What would be the expected market price of this bond

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Question - Assume a corporation's bond has 17 years remaining until maturity. The coupon interest rate is 8.4% and the bond pays interest semi-annually. Assume bond investors' required rate of return on the bond is 7.0%. What would be the expected market price of this bond. (Assume a $1000 par value.)

Reference no: EM133188928

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