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A 20 year corporate bond has 7% coupon rate (annual payment) and a par value of $1,000. If investors require a 9% required rate of
A 20 year corporate bond has 7% coupon rate (annual payment) and a par value of $1,000. If investors require a 9% required rate of return, what is the price of the bond?
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CFIN
Authors: Scott Besley, Eugene Brigham
5th edition
1305661656, 9781305888036 , 978-1305666870
