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Renfro Rentals has issued bonds that have a 8% coupon rate, payable semiannually. The bonds mature in 6 years, have a face value of $1,000,
Renfro Rentals has issued bonds that have a 8% coupon rate, payable semiannually. The bonds mature in 6 years, have a face value of $1,000, and a yield to maturity of 10%. What is the price of the bonds? Round your answer to the nearest cent
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Business Analysis And Valuation Using Financial Statements Text And Cases
Authors: Krishna G. Palepu, Paul M. Healy, Victor Lewis Bernard, W.Gordon Filby
2nd Edition
0324015658, 9780324015652
