Company Napoleon, a producer of French brandy, has issued 5-year bonds that pay a coupon of 6.375%
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Company Napoleon, a producer of French brandy, has issued 5-year bonds that pay a coupon of 6.375% annually. The current market rate for similar bonds is 8.5%. How much will you be willing to pay for Napoleon’s bonds today with a face value of 1,000?
a. 1,023
b. 1,137
c. 916
d. 897
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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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