Question
A corporation issues a debt instrument such as a bond that promises to pay you annually $80 for two years and $1,000 after two years.
A corporation issues a debt instrument such as a bond that promises to pay you annually $80 for two years and $1,000 after two years. What is the maximum amount you would pay for this debt instrument if you wanted to earn 8 percent?
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Entrepreneurial Finance
Authors: Philip J. Adelman, Alan M. Marks
4th Edition
0132434792, 9780132434799
