Question
A bond of Ksh.1000 face value, bearing a coupon rate of 12% will mature after 7 years. What is the value of the bond if
A bond of Ksh.1000 face value, bearing a coupon rate of 12% will mature after 7 years. What is the value of the bond if the discount rates are 12%.
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Fundamentals of Corporate Finance
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
12th edition
007353062X, 73530628, 1260153592, 1260153590, 978-1260153590
