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HELP PLEASE! Enterprise Inc. bonds have an annual coupon rate of 16%. The interest is paid semiannually and the bonds mature in 11 years. Their
HELP PLEASE!
Enterprise Inc. bonds have an annual coupon rate of 16%. The interest is paid semiannually and the bonds mature in 11 years. Their par value is $1000. If the market required yield to maturity on a comparable risk bond is 13%, what is the value of the bond? What is its value if the interest is paid annually?
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Money Banking And Financial Markets
Authors: Stephen G. Cecchetti
2nd International Edition
0071287728, 9780071287722
