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Conde Nast bonds mature in 9 years, have a par value of $1,000, and make an annual coupon payment of $54. The market interest
Conde Nast bonds mature in 9 years, have a par value of $1,000, and make an annual coupon payment of $54. The market interest rate for the bonds is 6%. What is the bond's price? Select one: a. $953.91 b. $946.30 c. $959.19 d. $956.21 e. $995.19
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To calculate the bonds price we can use the formula for the present value of a bond textBond P...
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
