Company Bonaparte manufactures cigars. Its bonds mature at the end of 7 years, and pay 8% interest
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Company Bonaparte manufactures cigars. Its bonds mature at the end of 7 years, and pay 8% interest (paid annually) on a 100 face value. If an interest payment has just been paid and the required yield (rate of return) on the bonds is 10%, what is the value of the bond?
a. 100.26
b. 91.26
c. 90.26
d. 89.26
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Related Book For
Stock Markets And Corporate Finance A Primer
ISBN: 9781800611474,9781800611498
1st Edition
Authors: Michael Dempsey
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