7-2B. (Bond valuation) Pybus, Inc., bonds have a 10 percent coupon rate. The interest is paid semiannually
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7-2B. (Bond valuation) Pybus, Inc., bonds have a 10 percent coupon rate. The interest is paid semiannually and the bonds mature in 11 years. Their par value is $1,000. If your required rate of return is 9 percent, what is the value of the bond? What is it if the interest is paid annually?
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Related Book For 
Financial Management Principles And Applications
ISBN: 9780131450653
10th Edition
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
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