Compute the price of a $ 1,758 par value, 14 percent coupon consol, or perpetual bond (i.e.,
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Compute the price of a $ 1,758 par value, 14 percent coupon consol, or perpetual bond (i.e., coupon interest payment is a perpetuity), assuming that the yield to maturity on the bond is 11 percent. (Round your answer to 2 decimal places and record without dollar sign or commas).
Related Book For
Calculus Early Transcendentals
ISBN: 9781337613927
9th Edition
Authors: James Stewart, Daniel K. Clegg, Saleem Watson, Lothar Redlin
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