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A bond has a 10 percent coupon rate and a $100 face value. Interest is paid semi-annually and the bond has 20 years to maturity.
A bond has a 10 percent coupon rate and a $100 face value. Interest is paid semi-annually and the bond has 20 years to maturity. If investors require a 12 percent pa yield, what is the bond's value?
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Mergers, Acquisitions, And Corporate Restructurings
Authors: Patrick A Gaughan
7th Edition
1119380766, 9781119380764
