If the market rate of interest on bonds of similar risk is, Financial Management

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If the market rate of interest on bonds of similar risk is

ABC Corp. has a bond outstanding that pays a 7% coupon. The interest is paid semiannually, and the bond matures in 10 years. If the market rate of interest on bonds of similar risk is 8%, what should company A’s bond be selling for, approximately, one year from today?

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Financial Management: If the market rate of interest on bonds of similar risk is

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