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A 7 3/8% bond matures in 10 years. Assuming the coupon is paid annually and the par value is $1,000, what is the value of
A 7 3/8% bond matures in 10 years. Assuming the coupon is paid annually and the par value is $1,000, what is the value of this bond to an investor requiring a 9% rate of return?
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Financial Management Principles And Applications
Authors: Sheridan Titman, John Martin
14th Global Edition
1292349824, 978-1292349824
