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I need to know the math and the answer to this question 7-22 Compute Bond Price Compute the price of a 5.6 percent coupon bond
I need to know the math and the answer to this question
7-22 Compute Bond Price Compute the price of a 5.6 percent coupon bond with ten years left to maturity and a market interest rate of 7.0 percent. (Assume interest payments are semiannual.) Is this a discount or premium bond? (LG7-4) Step by Step Solution
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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
