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A firm has issued a $1,000 par 4% annual coupon bond that is to mature in 18 years. If your required rate of return is
A firm has issued a $1,000 par 4% annual coupon bond that is to mature in 18 years. If your required rate of return is 6.5%, what price would you be willing to pay for the bond?
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Finance Of International Trade
Authors: Eric Bishop
1st Edition
0750659084, 978-0750659086
