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Bill's bonds have a 20-year maturity, a 6.25% annual coupon, and a par value of $1,000. The going interest rate (rd) is 7.75%. What is
Bill's bonds have a 20-year maturity, a 6.25% annual coupon, and a par value of $1,000. The going interest rate (rd) is 7.75%. What is the bond's price?
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Financial Reporting And Statement Analysis A Strategic Approach
Authors: Clyde P. Stickney, Paul Brown, James M. Wahlen
5th Edition
032418638X, 978-0324186383
