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Renfro Rentals has issued bonds that have an 8% coupon rate, payable semiannually. The bonds mature in 17 years, have a face value of $1,000,
Renfro Rentals has issued bonds that have an 8% coupon rate, payable semiannually. The bonds mature in 17 years, have a face value of $1,000, and a yield to maturity of 6.5%. What is the price of the bonds? Round your answer to the nearest cent
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The Handbook Of Financial Modeling
Authors: Jack Avon
1st Edition
1430262052, 978-1430262053
