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A corporate bond has 21 years to maturity, a face value of $1,000, a coupon rate of 4.7% and pays interest semiannually. The required rate
A corporate bond has 21 years to maturity, a face value of $1,000, a coupon rate of 4.7% and pays interest semiannually. The required rate of return on this bond is 3.4%.
What is the price of the bond?
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Handbook Of The Economics Of Finance Volume 2A
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
