Question
A company have a coupon rate of 8% and pay interest annually. The bonds have a par value of 1000 and mature in 25 years.
A company have a coupon rate of 8% and pay interest annually. The bonds have a par value of 1000 and mature in 25 years. If investors require a return of 7% on these bonds. How much will these bonds sell for?
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The Routledge Handbook Of Integrated Reporting
Authors: Charl De Villiers, Warren Maroun, Pei-Chi Hsiao
1st Edition
0367233851, 978-0367233853
