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How did they get the future value of 1,000 if given present value of 940, coupon rate of 12%, pay coupons semiannually and 3 years
How did they get the future value of 1,000 if given present value of 940, coupon rate of 12%, pay coupons semiannually and 3 years to maturity?
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Get StartedRecommended Textbook for
Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
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