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Marin Company's bonds mature in 8 years, have a par value of $1000, and make an annual coupon interest payment of $65. The market requires
Marin Company's bonds mature in 8 years, have a par value of $1000, and make an annual coupon interest payment of $65. The market requires an interest rate of 5.75% on these bonds. What is the bond's price?
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Multinational Business Finance
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
15th Global Edition
129227008X, 9781292270081
