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General Electric's 30-year bonds have a 7.5% annual coupon rate and a par value of $10,000. If their required rate of return is 6.25% per
- General Electric's 30-year bonds have a 7.5% annual coupon rate and a par value of $10,000. If their required rate of return is 6.25% per year, what should the price of their bonds be?
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Survey Of Economics, Principles, Applications, And Tools
Authors: Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez
5th Edition
0132556073, 978-0132556071
