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2. Assume a $1,000 face value bond has a coupon rate of 9.5% paid semiannually and has an eight- year life. If investors are willing
2. Assume a $1,000 face value bond has a coupon rate of 9.5% paid semiannually and has an eight- year life. If investors are willing to accept a 12 percent rate of return on bonds of similar quality, what is the present value or worth of this bond
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Financial Crimes
Authors: Maximilian Edelbacher, Peter Kratcoski, Michael Theil
1st Edition
0367866528, 978-0367866525
