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Morin Company's bonds mature in 7 years, have a par value of $1,000, and make an annual coupon interest payment of $50. The market requires
Morin Company's bonds mature in 7 years, have a par value of $1,000, and make an annual coupon interest payment of $50. The market requires an interest rate of 7.8% on these bonds. What is the bond's price? a. $873.66 b. $798.00 c. $1,262.11 d. $853.22 e. $837.87
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The Essential Credit Repair Handbook
Authors: Deborah McNaughton
1st Edition
160163160X, 978-1601631602
