Question
A 12 year annual payment corporate bond has a face value of $1,000 and pays an coupon interest of $30 semiannually and its required rate
A 12 year annual payment corporate bond has a face value of $1,000 and pays an coupon interest of $30 semiannually and its required rate of return is 7%. how much should be the bond value?
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Financial Management Principles And Applications
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
10th Edition
0131450654, 9780131450653
