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Bond C has a $1,000 face value and provides an 8% coupon rate for 15 years. The coupons are paid semi-annually. The discount rate is
Bond C has a $1,000 face value and provides an 8% coupon rate for 15 years. The coupons are paid semi-annually. The discount rate is 10% (annual rate). What is the value of the coupon bond?
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ISE Business Accounting
Authors: Frank Wood, Alan Sangster
8th Edition
9780273638407
