LMB Inc. recently issued noncallable bonds that mature in 20 years. They have a par value of $1,000 and an annual coupon of 5.7%. If
LMB Inc. recently issued noncallable bonds that mature in 20 years. They have a par value of $1,000 and an annual coupon of 5.7%. If the current market interest rate is 7.0%, at what price should the bonds sell?
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Authors: Stephen L. Nesbitt
2nd Edition
1119944392, 978-1119944393
