Bond price: Rockne, Inc., has outstanding bonds that will mature in six years and pay an 8

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Bond price: Rockne, Inc., has outstanding bonds that will mature in six years and pay an 8 percent coupon semiannually.

If you paid $1,036.65 today and your required rate of return was 6.6 percent, did you pay the right price for the bond?

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Fundamentals Of Corporate Finance

ISBN: 9781119795438

5th Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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