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A bond that matures in 12 years has a par value of $1,000 and an annual coupon of 10%; the market interest rate is 8%.
A bond that matures in 12 years has a par value of $1,000 and an annual coupon of 10%; the market interest rate is 8%. What is its price?
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
