Question
bursamaster corporation issued 20 years 7% annual coupon bonds at their par value od rm 1000 1 year ago. today the market interest rate on
bursamaster corporation issued 20 years 7% annual coupon bonds at their par value od rm 1000 1 year ago. today the market interest rate on these bonds has dropped to 6%. what is the new price of the bonds , given that they now have 19 years to maturity?
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Think Like A Millionaire Auditor How To Build Practical Efficiency Increase Revenue And Experience Peace Of Mind That Will Transform Your Business Leadership And Life
Authors: Michael J. Harrison
1st Edition
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