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moody corporations bond have a 15 year maturity a 7.25% coupon paid semiannually and a...

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Finance

moody corporations bond have a 15 year maturity a 7.25% coupon paid semiannually and a par value of $1,000. if the going market interest rate for bonds of similar risk and maturity is 5.20% (based on semiannual compounding) what is the bond price?

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