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Lycan Inc has 8 percent coupon bonds on the market that have 10 years left to maturity. The bonds make annual payments and have a
Lycan Inc has 8 percent coupon bonds on the market that have 10 years left to maturity. The bonds make annual payments and have a par value of $1000. If the YTM on these bonds is 10 percent, what is the current bond price ?
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International Financial Management
Authors: Jeff Madura, Roland Fox
5th Edition
1473770505, 978-1473770508
