Often in terms of predicting exchange rates

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1. Statistics on a country’s balance of payments are used by the business press and by the business itself, often in terms of predicting exchange rates, but the academic professions is highly critical of it. Why?

2. DT Corp. bonds have a 15-year maturity, an annual coupon rate of 7%, and par value of $1,000. Interest is paid semiannually. The market interest rate is 6% per year. What is the bond's price?

Reference no: EM132023671

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