Question
J&J has an outstanding issue of 20- year maturity bond with face value of $1,000 and a coupon of 8%, paying coupon interest semi-annually. If
J&J has an outstanding issue of 20- year maturity bond with face value of $1,000 and a coupon of 8%, paying coupon interest semi-annually. If the market price of this bond is $1200, what is the rate of return investors are demanding on this bond?
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Developments In Entrepreneurial Finance And Technology
Authors: David B. Audretsch, Maksim Belitski, Nada Rejeb, Rosa Caiazza
1st Edition
1800884338,1800884346
