Question
Firm A has a long-term debt book value of $361,000. All of this is from a bond issuance of 8% semiannual coupon bonds with
Firm A has a long-term debt book value of $361,000. All of this is from a bond issuance of 8% semiannual coupon bonds with 29 years htil maturity. If the YTM is currently 9%, what is the total current market value of these bonds? (round your answer to the nearest penny).
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
10th Edition
538482109, 1133711774, 538482389, 9780538482103, 9781133711773, 978-0538482387
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