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Business & Finance Assignment | Custom Assignment Help

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October 8th, 2019

Milner’s Tools has a 9-year, 7 per cent annual coupon bond outstanding with a $1,000par value. Carter’s Tools has a 10-year, 6 per cent annual coupon bond with a $1,000 par value. Both bonds currently have a yield to maturity of 6.5 per cent. Which of the following statements is correct if themarket yield increases to 6.75percent? Get Business & Finance homework help today.

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