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a bond with 6 years to maturity and a coupon rate of 6% has a par or face value of 20,000. interest is paid annually.
a bond with 6 years to maturity and a coupon rate of 6% has a par or face value of 20,000. interest is paid annually. if you require a rate of 9% on this bond ,what is the price of bond.
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
10th Edition
0201785676, 9780201785678
