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Four years ago, James, Inc issued a bond with a par value = $1,000, Coupon rate = 5.0% annum, payable every 6-months, and a
Four years ago, James, Inc issued a bond with a par value = $1,000, Coupon rate = 5.0% annum, payable every 6-months, and a maturity of 20-years. The YTM of similar bonds today is 9.0%. What is the price of James Bond today?
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Fundamentals of Corporate Finance
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
12th edition
007353062X, 73530628, 1260153592, 1260153590, 978-1260153590
