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Flipflop Footwear has issued bonds that have a 10% coupon rate, payable semi-annually. The bonds mature in 6 years and have a face value of
- Flipflop Footwear has issued bonds that have a 10% coupon rate, payable semi-annually. The bonds mature in 6 years and have a face value of $1,000 and a yield to maturity of 5%. What is the price of the bonds?
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
