Question
If a bond with a $1000 face value and coupon rate of 10% currently sells in the market for $901 and has 8 years left
If a bond with a $1000 face value and coupon rate of 10% currently sells in the market for $901 and has 8 years left till maturity, what is the required rate of return?
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Entrepreneurial Finance
Authors: Philip J. Adelman; Alan M. Marks
6th edition
9780133099096, 133140512, 133099091, 978-0133140514
