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Blossom, Inc., has issued a three-year bond that pays a coupon rate of 6.3 percent. Coupon payments are made semiannually. Given the market rate of
Blossom, Inc., has issued a three-year bond that pays a coupon rate of 6.3 percent. Coupon payments are made semiannually. Given the market rate of interest of 4.0 percent, what is the market value of the bond?
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Financial Management
Authors: Geoffrey Knott
4th Edition
1403903824, 9781403903822
