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Business, 31.07.2020 01:01 leeshaaa17

Quickee-Mart sold an issue of 20-year $1,000 par value bonds to the public that carry a 8.5% coupon rate, payable semi-annually. It is now 10 years later and the current yield to maturity is 8.0%. If interest rates remain at 8.0% until Quickee-Mart’s bonds mature, what will happen to the value of the bonds over time?

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