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Max and Ruby Cat Food, Inc. has issued zero coupon bonds which mature in 20 years. The bonds have a $1,000 par value. The market
Max and Ruby Cat Food, Inc. has issued zero coupon bonds which mature in 20 years. The bonds have a $1,000 par value. The market has priced the bonds to yield or required return is 9%. What is the market price of the bonds ?
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
