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A bond with a coupon rate of 7%, paid annually, and a face value of $1,000 matures in 12 years. If the current annual market
A bond with a coupon rate of 7%, paid annually, and a face value of $1,000 matures in 12 years. If the current annual market interest rate is 11%, what is the bond's market value?
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
4th Edition
0072996862, 9780072996869
