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Answer ASAP please I will give thumbs up! A bond has a $1,000 face value and provides a 7% coupon compounded annually. The appropriate discount
Answer ASAP please I will give thumbs up!
A bond has a $1,000 face value and provides a 7% coupon compounded annually.
The appropriate discount rate is 11%. What is the value of the perpetual bond? Please, show computations from the problem above.
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Public Finance And Public Policy
Authors: Arye L. Hillman
2nd Edition
0521738059, 978-0521738057
