Question
A Marriott Hotel bond has a par value of $1,000, and has a coupon rate of 5.27%. The coupon in paid annually. The required rate
A Marriott Hotel bond has a par value of $1,000, and has a coupon rate of 5.27%. The coupon in paid annually. The required rate of return for the investor is 7.5%. The bond will mature in 12 years, and the investor is planning to keep this bond until maturity. Based on this information, what is the present value of this bond ?
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Corporate Finance Core Principles And Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
6th Edition
1260571122, 978-1260571127
