Question
Morin Company's bonds sell for $935, have a par value of $1,000, and make an annual ceupon interest payments of $65. The market requires an
Morin Company's bonds sell for $935, have a par value of $1,000, and make an annual ceupon interest payments of $65. The market requires an interest rate of 8.2% on these bonds. How many more years do these bonds have until maturity?
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Foundations Of Financial Management
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
13th Edition
0073382388, 978-0073382388
