Floating rate bond (LO16-2) You buy an 8 percent, 25-year, $1,000-par-value floating rate bond in 1999. By

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Floating rate bond (LO16-2) You buy an 8 percent, 25-year, $1,000-par-value floating rate bond in 1999. By the year 2004, rates on bonds of similar risk are up to 11 percent. What is your one best guess as to the value of the bond?

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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Apr 06, 2015 06:47 AM

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Floating rate bond (LO16-2) You buy an 8 percent, 25-year, $1,000-par-value floating rate bond in 1999. By

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Bond valuation is the purpose of the reasonable price of ...View the full answer

Foundations of Financial Management

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