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DETERMINE the price of a bond begin{tabular}{l|l} RATE & multicolumn{2}{l}{} cline { 2 - 2 } NPER & cline { 2 - 2
DETERMINE the price of a bond \begin{tabular}{l|l} RATE & \multicolumn{2}{l}{} \\ \cline { 2 - 2 } NPER & \\ \cline { 2 - 2 } PMT & \\ \cline { 2 - 3 } PV & \end{tabular} Text: A bond has a maturity value of $1,000 in 5 years. The stated rate is 4% but pays interest semiannually. Your cost of capital is 6\%. Price the bond. Solution
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Financial Accounting For MBAs
Authors: Easton, Wild, Halsey, McAnally
7th Edition
1618532316, 978-1618532312
