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Consider a $10,000 face-value, semi-annual corporate bond with a 6% annual coupon rate. What is...

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Finance

Consider a $10,000 face-value, semi-annual corporate bond with a 6% annual coupon rate. What is the fair market value of the bond if comparable bonds have a yield to maturity of 8%? What happens to the value of this bond if the market interest rate falls from 8% to 7%?Tenure say 5 years

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