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Due to numerous lawsuits, a major chemical manufacturer has recently experienced a market reevaluation. The firm has 15 year, 8% semiannual coupon bonds. The required
Due to numerous lawsuits, a major chemical manufacturer has recently experienced a market reevaluation. The firm has 15 year, 8% semiannual coupon bonds. The required nominal rate on this debt has now risen to 16%. What is the current value of this bond?
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How To Understand Business Finance
Authors: Bob Cinnamon, Brian Helweg-Larsen
2nd Edition
0749460202, 978-0749460204
