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Problem on bonds Danno is trying to decide which of 2 bonds to buy. Samurai bond is a 10% coupon, 10-year maturity, Php1,000 par, January
Problem on bonds
Danno is trying to decide which of 2 bonds to buy. Samurai bond is a 10% coupon, 10-year maturity, Php1,000 par, January 1, 2011 issue paying annual interest. Bulldog bond is a 10% coupon, 10-year maturity, Php1,000 par, January 1, 2011 issue paying semi-annual interest. The market required return for each bond is 10%. When using present value to determine the prices of the bonds, Danno will find that ___________
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