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Hogwarts Publications has $1,000 face value bonds, which mature in 8 years. They have a 6.25% annual coupon rate and the yield to maturity is
Hogwarts Publications has $1,000 face value bonds, which mature in 8 years. They have a 6.25% annual coupon rate and the yield to maturity is 10%. What is the selling price of the bonds?
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International Financial Management
Authors: Jeff Madura, Roland Fox
4th Edition
147372550X, 9781473725508
