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A company's bonds have a face value of $1,000. The bonds carry a 8% coupon, pay interest semiannually, and mature in 5 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 5 years. What is the current value of these bonds if the yield to maturity is 7.45%?
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Business Finance
Authors: Ronald R. Pitfield
1st Edition
0852581513, 978-0852581513
