Maroon Two Inc has just issued 10,000 coupon bonds with face value of $1000, coupon...
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Maroon Two Inc has just issued 10,000 coupon bonds with face value of $1000, coupon rate of 9%, semi annual coupon payment, and maturity of 10 years. What is price on each coupon bond if the current yield on similar bonds in the market is 8.5%? Answer is $1033.24. Need FULL SOLUTIONS THANK YOU
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