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A $1,000 par value bond with an annual 14 percent coupon rate will mature in 15 years. Coupon payments are made semiannually. What is the
A $1,000 par value bond with an annual 14 percent coupon rate will mature in 15 years. Coupon payments are made semiannually. What is the market price if the required annual market rate is 6 percent?
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International Financial Management
Authors: Jeff Madura, Roland Fox
4th Edition
147372550X, 9781473725508
