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A corporate bond with a has face value of $1000 and a bond dividend (interest) rate of 6% per year payable quarterly. The bond was
A corporate bond with a has face value of $1000 and a bond dividend (interest) rate of 6% per year payable quarterly. The bond was 15 years ago and has a maturity date of 15 years from now. What is the present value of the bond to a potential buyer who desires a rate of return of 8% per year compounded quarterly
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Principles Of Financial And Managerial Accounting
Authors: James Don Edwards, Roger H. Hermanson
1st Edition
0256130000, 978-0256130003
