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A firm has an issue of $1,000 par value bonds with a 9 percent coupon. The issue pays interest annually and has 14 years remaining
A firm has an issue of $1,000 par value bonds with a 9 percent coupon. The issue pays interest annually and has 14 years remaining to its maturity date. If bonds of similar risk are currently earning 11.4 percent, what is the price of the bond?
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Technical Analysis Of The Financial Markets
Authors: John J. Murphy
1st Edition
0735200661, 978-0735200661
