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(Bond valuation) Calculate the value of a bond that will mature in 17 years and has a $1,000 face value. The annual coupon interest rate
(Bond valuation) Calculate the value of a bond that will mature in 17 years and has a $1,000 face value. The annual coupon interest rate is 12 percent, and the investor's required rate of return is 15 percent. The value of the bond is $ (Round to the nearest cent.) Step by Step Solution
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Hotel Finance
Authors: Anand Iyengar
1st Edition
0195694465, 978-0195694468
