Question
A bond with 8 8 years to maturity and a coupon rate of 8 8 % has apar, orface, value of $ 20 comma 000
A bond with 8
8 years to maturity and a coupon rate of 8
8% has apar, orface, value of $20 comma 000
20,000. Interest is paid annually. If you require a return of 11
11% on thisbond, what is the price of thebond?
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Financial Management Core Concepts
Authors: Raymond Brooks
4th Edition
134730417, 134730410, 978-0134730417
