Question
AF Inc. issued a bond with an annual coupon rate of 10% with interest paid annually. The bond matures in 15 years. The par value
AF Inc. issued a bond with an annual coupon rate of 10% with interest paid
annually. The bond matures in 15 years. The par value of the bond is
$1,000.
If your required return was 5%, what is the price you are willing to pay for
the bond?
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Principles of Managerial Finance
Authors: Chad J. Zutter, Scott B. Smart
15th edition
013447631X, 134476315, 9780134478197 , 978-0134476315
