Question
a company recently issued bonds that mature in 30 years. They have a par value of $1,000 and an annual coupon of 8%. If the
a company recently issued bonds that mature in 30 years. They have a par value of $1,000 and an annual coupon of 8%. If the current market interest rate is 5%, at what price should the bonds sell?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
