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Calculate the Price of Commonwealth bonds
Commonwealth Company has a 10% coupon bond with a par value of $1000, The current yield to maturity on new bonds is 8%. If interest is paid annually and the bond matures in 5 years, what is the price of Commonwealth bonds?
Various other types of bonds are- 1. Domestic Bonds 2. Foreign Bonds 3. Euro Bonds 4. Global Bonds 5. Floating Rate-Bonds
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