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A bond with 7 years to maturity and a coupon rate of 9% has a par, or face, value of $21000. Interest is paid annually.
A bond with 7 years to maturity and a coupon rate of 9% has a par, or face, value of $21000. Interest is paid annually. if you require a return of 15% on this bond, what is the price of the bond
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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
6th Edition
1259922316, 9781259922312
