Question
Navy company have a $1000 face value of a bond , and its mature in 33 years. the appropriate discount rate is 8.47%. they pay
Navy company have a $1000 face value of a bond , and its mature in 33 years. the appropriate discount rate is 8.47%. they pay interest semi-annually. the bond sold at a price of $750. what is the bond annual coupon rate?
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Financial Literacy For Managers
Authors: Richard A. Lambert
1st Edition
1613630182, 978-1613630181
