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4.) Flipflop Footwear has issued bonds that have a 10% coupon rate, payable semi-annually. The bonds mature in 6 years and have a face value
4.) Flipflop Footwear has issued bonds that have a 10% coupon rate, payable semi-annually. The bonds mature in 6 years and have a face value of $1,000 and a yield to maturity of 5%. What is the price of the bonds?
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Financial Management Theory and Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
2nd Canadian edition
176517308, 978-0176517304
