Question
Drama Productions Ltd just issued a 10 year 7% coupon bond. The face value of the bond is $1,000 and the bond makes semi-annual coupon
Drama Productions Ltd just issued a 10 year 7% coupon bond. The face value of the bond is $1,000 and the bond makes semi-annual coupon payments. If the required return on the bond is 10%, what is the bond's price? (to the nearest cent; don't include $ sign or commas)
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Entrepreneurial Finance
Authors: Philip J. Adelman; Alan M. Marks
6th edition
9780133099096, 133140512, 133099091, 978-0133140514
