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Morin Company's bonds mature in 14 years, have a par value of $1,000, and make an annual coupon interest payment of $65. The market requires
Morin Company's bonds mature in 14 years, have a par value of $1,000, and make an annual coupon interest payment of $65. The market requires an interest rate of 6.8% on these bonds. What is the bond's price? (please submit your answer in the following format: XXXX.XX)
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Finance For A Better World
Authors: Henri-Claude De Bettignies, F. Lépineux
2009th Edition
0230551300, 978-0230551305
