7-4A. (Bondholder's expected rate of return) Fitzgerald's 20-year bonds pay 9 percent interest annually on a $1,000
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7-4A. (Bondholder's expected rate of return) Fitzgerald's 20-year bonds pay 9 percent interest annually on a $1,000 par value. If bonds sell at $945, what is the bond's expected rate of return?
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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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