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2021 Proctor & Gamble also has a bond outstanding that has a AA-rating. $1,000...

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Finance

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2021
Proctor & Gamble also has a bond outstanding that has a AA-rating. $1,000 par value, 3.5% coupon rate (assume annual) and matures in 2040. If the current market rate is 2.597%, what is the price of the bond

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