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A Tediore Industries bond has an 7,5 percent coupon rate and a $1,000 face value. Interest is paid semiannually, and the bond has 12 years
A Tediore Industries bond has an 7,5 percent coupon rate and a $1,000 face value. Interest is paid semiannually, and the bond has 12 years to maturity. If investors require a 8 percent yield, what is the bonds value? What is the effective annual yield on the bond
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American Public School Finance
Authors: William Owings, Leslie Kaplan
2nd Edition
1111838046, 978-1111838041
