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Peng Corporation has 100 bonds outstanding with a maturity value of $1,000. The required rate of return on these bonds is currently 10%, and
Peng Corporation has 100 bonds outstanding with a maturity value of $1,000. The required rate of return on these bonds is currently 10%, and interest is paid semiannually. The bonds mature in five years, and their current market value is $768 per bond. The annual coupon interest rate is 8.12% 6.44% 3.99% 2.64%
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
2nd edition
013299755X, 132162768, 9780132997553, 978-0132162760
