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Brookline, Inc. just sold an issue of 30-year bonds for $1,107.20. Investors require an annual rate of return on these bonds of 7.75%. The bonds
Brookline, Inc. just sold an issue of 30-year bonds for $1,107.20. Investors require an annual rate of return on these bonds of 7.75%. The bonds pay interest semiannually.
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To find the coupon rate of the bonds we can use the present value formula for bonds The present value of a bond is the sum of the present value of its ...
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
