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Omni Corporation's bonds have a 40-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The going interest rate (r d ) is
Omni Corporation's bonds have a 40-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 17.00%, based on semiannual compounding. What is the bond's price?
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Monetary Policy And Public Finance
Authors: G. C. Hockley
1st Edition
1138704792, 978-1138704794
