A bond that matures in 8 years has a par value of $1,000 and an annual coupon

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A bond that matures in 8 years has a par value of $1,000 and an annual coupon payment of $70; its market interest rate is 9%. What is its price? ($889.30)

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Fundamentals Of Financial Management Concise Edition

ISBN: 9781285065137

8th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Question Posted: Jul 15, 2024 10:07 AM

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A bond that matures in 8 years has a par value of $1,000 and an annual coupon

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Fundamentals Of Financial Management Concise Edition

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