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Morin Company's bonds mature in 5 years, have a par value of $1,000, and make an annual coupon of 8.78%. The market requires an interest
Morin Company's bonds mature in 5 years, have a par value of $1,000, and make an annual coupon of 8.78%. The market requires an interest rate of 5.04% on these bonds. What is the bond's price?
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To calculate the price of Morin Companys bonds you can use the present value of a bonds future cash ...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
