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Lilly's bonds mature in 10 years, have a par value of $1,000 and an annual coupon rate of $8%. The market interest rate for the
Lilly's bonds mature in 10 years, have a par value of $1,000 and an annual coupon rate of $8%. The market interest rate for the bonds is 9%. What is the price of these bonds?
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Finance For Real Estate Development
Authors: Charles Long
1st Edition
0874204305, 978-0874204308
