If you now buy a ten year 1000 face vale bond currently priced at $984,...
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Accounting
If you now buy a ten year 1000 face vale bond currently priced at $984, and the coupon pays7% annually, what is the coupon payment if the market interest rate on this type of bond declines to 6.5% the day after you buy the bond?
68.96
52.00
65.00
70.00
72.50
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