Honda Motor Co. has an outstanding bond with a par value of $1,000, a 12% coupon rate and 15 years left to maturity. If required
Honda Motor Co. has an outstanding bond with a par value of $1,000, a 12% coupon rate and 15 years left to maturity. If required return is 8%, what is the value of the bond if it makes semi-annual coupon payments?
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Authors: William Brueggeman, Jeffrey Fisher
17th Edition
1264072945, 978-1264072941
