Question
A corporation is issuing 10 year bond with a coupon of 7% and face value of $1000. The interest rate in similar currently 9%. Assuming
A corporation is issuing 10 year bond with a coupon of 7% and face value of $1000. The interest rate in similar currently 9%. Assuming annual payments, what is the present value of the bond?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
13th edition
132743469, 978-0132743464
