Question
A company has issues bond having face value of $ 100,000 carrying coupon rate of 9% to be paid semianually and maturing in 10 years
A company has issues bond having face value of $ 100,000 carrying coupon rate of 9% to be paid semianually and maturing in 10 years . The market interest rate is 8%.
Please calculate price of the bond?
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Principles of Financial Accounting chapters 1-17
Authors: John Wild, Ken Shaw, Barbara Chiappetta
23rd edition
1259687740, 1259687747, 978-1259687747
