Jcmandique5636 Jcmandique5636
  • 14-06-2019
  • Mathematics
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Peter kim wanted to buy a new car.To help finance the purchase he decided to sell his organic markets bond in the secondary market.Peters bond had a par value of $ 10,000 and a coupon of 6 percent.Current interests were 3 percent.What would peters bond sell for?

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briannaboone17oyg7ck
briannaboone17oyg7ck briannaboone17oyg7ck
  • 14-06-2019
At a premium, since it pays 6% and market is only 3%.
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