Question
LIAS Inc. bonds have a face value of $1,000, mature in 10 years, pay interest semiannually, and have a coupon rate of 9.0 percent. If
LIAS Inc. bonds have a face value of $1,000, mature in 10 years, pay interest semiannually, and have a coupon rate of 9.0 percent. If the market rate of return is 6.0 percent, what is the current price of this bond?
$721
$1,056
$1,223
$955
$828
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Contemporary Financial Management
Authors: Don Cyr, Alfred Kahl, William Rentz, R. Moyer
1st Edition
017616992X, 978-0176169923
