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Renfro Rentals has issued bonds that have a 11% coupon rate, payable semiannually. The bonds mature in 14 years, have a face value of $1,000,
Renfro Rentals has issued bonds that have a 11% coupon rate, payable semiannually. The bonds mature in 14 years, have a face value of $1,000, and a yield to maturity of 10.5%. What is the price of the bonds?
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Exchange Rates and International Finance
Authors: Laurence Copeland
6th edition
273786040, 978-0273786047
