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Big beef has issued a bond with the following par: $1,000 Time to maturity: 9 years Coupon rate: 12 percent Semiannual payments Calculate the price
Big beef has issued a bond with the following
par: $1,000
Time to maturity: 9 years
Coupon rate: 12 percent
Semiannual payments
Calculate the price of this bond if the YTM is
a. 12 percent
b. 14 percent
c. 10 percent
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Financial Management For Decision Makers
Authors: Peter Atrill
8th Edition
129213433X, 978-1292134338
