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3 years ago

12

Peter kim wanted to buy a new car.To help finance the purchase he decided to sell his organic markets bond in the secondary mark

et.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?

1 answer:

amid [387]3 years ago

3 0

At a premium, since it pays 6% and market is only 3%.

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