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Mario bought a bond with a face amount of $1,000, a stated interest rate of 12%, and a maturity date 18 years in the future
- Mario bought a bond with a face amount of $1,000, a stated interest rate of 12%, and a maturity date 18 years in the future for $979. The bond pays interest on an annual basis. Three years have gone by and the market interest rate is now 6%. What is the market value of the bond today?
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Principles of Operations Management Sustainability and Supply Chain Management
Authors: Jay Heizer, Barry Render, Chuck Munson
10th edition
978-0134183954, 134183959, 134181980, 978-0134181981
