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A perpetual bond sells for $1,000 and will pay $79 a year forever. the fed changes its policy and the interest rate changes to 18
A perpetual bond sells for $1,000 and will pay $79 a year forever. the fed changes its policy and the interest rate changes to 18 percent. the price of the bond is now what?
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The price of the perpetual bond would decrease to around 43889 if the interest rat...
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
