Question
A company's bonds have a face value of $1,000. The bonds carry a 8% coupon, pay interest semiannually, and mature in 9 years. What is
A company's bonds have a face value of $1,000. The bonds carry a 8% coupon, pay interest semiannually, and mature in 9 years. What is the current value of these bonds if the yield to maturity is 9.64%?
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Entrepreneurial Finance
Authors: Philip J. Adelman, Alan M. Marks
4th Edition
0132434792, 9780132434799
