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A 1 2 - year bond has a 1 4 percent annual coupon and a face value of $ 1 , 0 0 0 .
Ayear bond has a percent annual coupon and a face value of $ What is the price of the bond to an investor with a required return of percent?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
16th edition
125927716X, 978-1259687969, 1259687961, 978-1259277160
