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A bond has a coupon of 6.5% and it pays interest semiannually. With a face value of $1000, it will mature after 10 years. If
A bond has a coupon of 6.5% and it pays interest semiannually. With a face value of $1000, it will mature after 10 years. If you require a return of 12% from this bond, how much should you pay for it?
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To calculate the present value of a bond we can use the formula for the present value of future cash ...
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
