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a bond has a $5,000 par value, makes annual interest payments of $500, has 5 years to maturity, cannot be called, and is not expected
a bond has a $5,000 par value, makes annual interest payments of $500, has 5 years to maturity, cannot be called, and is not expected to default. the bond should sell at par value if market interest rates are at 10%
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Introduction To Finance Financial Management And Investment Management
Authors: Pamela P. Drake, Frank J. Fabozzi, Francesco A. Fabozzi
1st Edition
9811239657, 978-9811239656
