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Renfro Rentals has issued bonds that have a 10% coupon rate, payable semi-annually. The bonds mature in 8 years, have a face value of $1,000,
Renfro Rentals has issued bonds that have a 10% coupon rate, payable semi-annually. The bonds mature in 8 years, have a face value of $1,000, and a yield to maturity of 8.5%. What is the price of the bonds?
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Analysis for Financial Management
Authors: Robert Higgins
11th edition
77861787, 978-0077861780
