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One year ago, a company issue 15-year, noncallable, 7.75% annual coupon bonds at their par value of $1,000. Today, the market interest rate on these
One year ago, a company issue 15-year, noncallable, 7.75% annual coupon bonds at their par value of $1,000. Today, the market interest rate on these bonds is 5.75%. What is the current price of the bo...
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
14th edition
133507696, 978-0133507690
