4.4 The government has issued a bond that will pay $1,000 in 25 years. The bond will...

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4.4 The government has issued a bond that will pay $1,000 in 25 years. The bond will pay no interim coupon payments. What is the present value of the bond if the discount rate is 10 percent?

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Corporate Finance

ISBN: 9780071229036

6th International Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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