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C Tools LLC's bonds mature in 20 years, have a par value of $1,000, and make an annual coupon interest payments of $150. The market
C Tools LLC's bonds mature in 20 years, have a par value of $1,000, and make an annual coupon interest payments of $150. The market requires an interest rate of 9% on these bonds. What is the bond's price?
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The Financial System Financial Regulation And Central Bank Policy
Authors: Thomas F. Cargill
1st Edition
1107035678, 9781107035676
