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1. What is the price of a $1,000 face value bond with a 10% semi-annual coupon rate if the bond matures in 5 years and
1. What is the price of a $1,000 face value bond with a 10% semi-annual coupon rate if the bond matures in 5 years and requires a return of 12%?
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Financial Accounting An Introduction to Concepts, Methods and Uses
Authors: Roman L. Weil, Katherine Schipper, Jennifer Francis
14th edition
978-1111823450, 1-133-36617-1 , 1111823456, 978-1-133-3661, 978-1133591023
