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A $1,000 bond with a coupon rate of 10% has a required return of 8% and 10 years to maturity. What is the current
A $1,000 bond with a coupon rate of 10% has a required return of 8% and 10 years to maturity. What is the current value of the bond?
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To calculate the current value of the bond we need to discount the future cash flows generated by th...
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
