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Assuming semiannual coupon payments what will be the

Pullman Corp issued 10-year bond four years ago with a coupon rate of 7.50 percent. At the time of issue, the bonds sold at par. Todya bonds of similar risk and maturity must pay and annual coupon of 7.35 percent to sell at par value. Assuming semiannual coupon payments, what will be the current market price of the firms bonds?

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Finance Basics: Assuming semiannual coupon payments what will be the

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