=+LG 5 P618 Bond value and time: Constant required returns Pecos Manufacturing has just issued a 15-year,
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=+LG 5 P6–18 Bond value and time: Constant required returns Pecos Manufacturing has just issued a 15-year, 12% coupon rate, $1,000-par bond that pays interest annually.
The required return is currently 14%, and the company is certain it will remain at 14% until the bond matures in 15 years.
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Related Book For
Principles Of Managerial Finance
ISBN: 9781292261515
15th Global Edition
Authors: Chad J. Zutter, Scott Smart
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