Question
George's Peach Pie's bonds mature in 5 years, have a par value of $1,000, and make an annual coupon interest payment of $125. The market
George's Peach Pie's bonds mature in 5 years, have a par value of $1,000, and make an annual coupon interest payment of $125. The market requires an interest rate of 8.2% on these bonds. What is the bond's price?
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Entrepreneurial Finance
Authors: M. J. Alhabeeb
1st Edition
1118691512, 978-1118691519
