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Business, 03.12.2021 19:20 xmanavongrove55

You are currently considering buying an Ecolab corporate bond. The bond has the following characteristics: Par value of bond $ 1,000 Coupon rate 8% Bond was issued five years ago Bond will mature 30 years from original issuance Payments are made semi-annually Callable 10 years after issue Call price $ 1,050 Current market interest rate 6% What is this bond's current price

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