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Doisneau 23-year bonds have an annual coupon interest of 11%, make interest payments on a semi annual basis, and have a $1000 par value. If
Doisneau 23-year bonds have an annual coupon interest of 11%, make interest payments on a semi annual basis, and have a $1000 par value. If the bonds are trading with a market's required to yield to maturity of 17%, are these premium or discount bonds? Explain your answer. a.) What is the price of the bonds? (round to the nearest cent) only answer a
a.) What is the price of the bonds? (round to the nearest cent)
only answer a
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 10th Edition
1337902578, 978-1337902571
