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A 9 percent, $1,000 bond matures in 16 years, pays interest semi-annually, and has a yield-to-maturity of 9.68 percent. The current market price is $945.23.
An order marked "At Market" indicates that you are prepared to purchase at the current market rates for purchases. You are prepared to sell at the prices being offered in the market for sale. Market value and market price are synonyms. The market price is the price that is in effect on a specific day or at a specific moment. It is the outcome of supply and demand in the market. One of the main reasons market value is significant is that it offers a clear method for figuring out how much an asset is worth, eliminating any ambiguity or uncertainty. Customers and sellers frequently view a product's value differently in the marketplace.
Learn more about market prices https://brainly.com/question/14092409
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