Question
Bites company issued a 7 years bond with a par value of $1,000 and a coupon rate of 9%. find the value of this bond
Bites company issued a 7 years bond with a par value of $1,000 and a coupon rate of 9%. find the value of this bond given that the required rate of return is 8%, and the interest on bond (coupon) is paid semi annually.
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
9th Edition
032431986X, 9780324319866
