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Assume that New Territory Inc. has an issue of 20-year $1,000 par value bonds that pay 7% interest, annually. Further assume that today's required rate
- Assume that New Territory Inc. has an issue of 20-year $1,000 par value bonds that pay 7% interest, annually. Further assume that today's required rate of return on these bonds is 6.5%. How much would these bonds sell for today? Round off to the nearest $1.
- SOSU, Inc. just issued $1,000 par 20-year bonds. The bonds sold for $1006 and pay interest semiannually. Investors require a rate of 6.59% on the bonds. What is the amount of the semiannual interest payment on the bonds?
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Handbook Of Asian Finance Financial Markets And Sovereign Wealth Funds
Authors: David Lee, Greg N. Gregoriou
1st Edition
0128009829, 978-0128009826
