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One of General Electric's bond issues has an annual coupon rate of 3.7%, a face value of $1,000 and a required return of 7%.
One of General Electric's bond issues has an annual coupon rate of 3.7%, a face value of $1,000 and a required return of 7%. What is the value of the bond if the bond matures in 30 years? What is the value of the same bond 20 years later, when it has 10 years to maturity left, if interest rates haven't changed?
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Corporate Financial Management
Authors: Glen Arnold
5th edition
978-1292178066, 129217806X, 273758837, 978-0273758839
