Question
AT&T Inc. has the following information about its bonds: Item Value Face Value $1,000,000 Coupon Rate 4% Time to Maturity 10 years Market Interest Rate
AT&T Inc. has the following information about its bonds:
Item | Value |
Face Value | $1,000,000 |
Coupon Rate | 4% |
Time to Maturity | 10 years |
Market Interest Rate | 5% |
Calculate the current market price of the bonds.
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Accounting Theory Conceptual Issues in a Political and Economic Environment
Authors: Harry Wolk, James Dodd, John Rozycki
8th edition
1412991692, 978-1412991698
