Question
Compute the present value of a five-year bond with a face value of $3,000, a 10% annual coupon payment, and an 8% effective rate. Round
Compute the present value of a five-year bond with a face value of $3,000, a 10% annual coupon payment, and an 8% effective rate.
Round answers to two decimal places.
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
6th Canadian edition
1259024962, 978-1259024962
