Question
Renfro Rentals has issued bonds that have a 12% 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 12% coupon rate, payable semiannually. The bonds mature in 14 years, have a face value of $1,000, and a yield to maturity of 9.5%. What is the price of the bonds?
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
4th Edition
1439078084, 978-1439078082
