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Firm C has outstanding bond with 15 years to maturity. Assume the required rate of return on the bond is 9.89% The current price is
Firm C has outstanding bond with 15 years to maturity. Assume the required rate of return on the bond is 9.89% The current price is $944,17. What is the annual coupon rate on the bond? (Assume semi-annual coupon payment)
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American Public School Finance
Authors: William Owings, Leslie Kaplan
2nd Edition
1111838046, 978-1111838041
