Question
( Bond valuation ) Hamilton, Inc. bonds have a coupon rate of 12 percent. The interest is paid semiannually, and the bonds mature in 8
(Bond valuation) Hamilton, Inc. bonds have a coupon rate of 12 percent. The interest is paid semiannually, and the bonds mature in 8 years. Their par value is $1000. If your required rate of return is 15 percent, what is the value of the bond? What is the value if the interest is paid annually?
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
