James thompson has been offered a 7 year bond issues by, Finance Basics

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James thompson has been offered a 7 year bond issues by

James Thompson has been offered a 7 year bond issues by Bigtop Ltd at a price of $943.22. The bond has a coupon rate of 9% and pays the coupon semiannually. Similar bonds in the market will yield 10% per annum. Should he buy the bonds at the offered price?

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Finance Basics: James thompson has been offered a 7 year bond issues by

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