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Please show steps, no excel please. thanks 4 ABC Enterprises issued a bond having a par value of $1,000, a 7 year life and:a 12%
Please show steps, no excel please. thanks
4 ABC Enterprises issued a bond having a par value of $1,000, a 7 year life and:a 12% coupon rate. If interest is paid semiannually and investors require a 14% rate of return, what is the value of the bondStep by Step Solution
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