Question
A bond that matures in four years, has a coupon rate of 10% and has a maturity value of US$ 100. The bond pays interest
A bond that matures in four years, has a coupon rate of 10% and has a maturity value of US$ 100. The bond pays interest annually and has a discount rate of 8%.What is the present value of the bond?
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Fundamentals Of Financial Planning
Authors: Michael A Dalton, Joseph Gillice
3rd Edition
1936602091, 9781936602094
