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A company issues an annual-pay bond with the following characteristics: Face value $67,831 Maturity 4 years Coupon 7% Market interest rates 8% What is the
A company issues an annual-pay bond with the following characteristics:
Face value $67,831
Maturity 4 years
Coupon 7%
Market interest rates 8%
What is the unamortized discount at the end of the first year?
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International Financial Markets And The Firm
Authors: Piet Sercu, Raman Uppal
1st Edition
1861523548, 978-1861523549
