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2. Exodus Limousine Company has a $1,000 par value bond outstanding that pays 10% interest (Semi-Annual Interest Payments) with 10 years to maturity. Compute
2. Exodus Limousine Company has a $1,000 par value bond outstanding that pays 10% interest (Semi-Annual Interest Payments) with 10 years to maturity. Compute the price that you would be willing to pay for the bond if you as the investor wanted to realize a yield to maturity of 5% in the current environment? FVs 1,000
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
