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Calculate the Price of Commonwealth bonds
Commonwealth Company has a 10% coupon bond with a par value of $1000, The current yield to maturity on new bonds is 8%. If interest is paid annually and the bond matures in 5 years, what is the price of Commonwealth bonds?
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Crown Co. is expecting to receive 100,000 British pounds in one year. Crown expects the spot rate of British pound to be $1.49 in a year, so it decides to avoid exchange rate risk
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can you help me subtract checks and balances in financial algebra
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