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Renfro Rentals has issued bonds that have a 8% coupon rate, payable annually. The bonds mature in 15 years, have a face value of $1,000,
Renfro Rentals has issued bonds that have a 8% coupon rate, payable annually. The bonds mature in 15 years, have a face value of $1,000, and a yield to maturity of 5%. What's the price of the bond?
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
