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Horse Rocket Software has issued a five-year bond with a face value of $1,000 and a 10% coupon rate. Interest is paid annually. Similar bonds
- Horse Rocket Software has issued a five-year bond with a face value of $1,000 and a 10% coupon rate. Interest is paid annually. Similar bonds in the market have a discount rate of 12%. what is the current price of the bond?
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
2nd Edition
0131471988, 978-0131471986
