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Marshall Manufacturing has a bond outstanding that was issued 20 years ago at a coupon rate of 9%. The $1000 par value bond pays interest
Marshall Manufacturing has a bond outstanding that was issued 20 years ago at a coupon rate of 9%. The $1000 par value bond pays interest semiannually and was originally issued with a term of 30 years. If today's interest rate is 14%, what is the value of the bond today
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Authors: Thomas McCafferty
3rd Edition
0071484795, 978-0071484794
