What is the value of a 20-year-coupon bond

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What is the value of a 20-year, 8% coupon bond (assume annual coupon payments) if the market rate is 12%?

Reference no: EM132484949

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What is the value of a 20-year-coupon bond : What is the value of a 20-year, 8% coupon bond (assume annual coupon payments) if the market rate is 12%?
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