Question
SOP Ltd bonds have a par value of $1,000 and pay semi-annual interest of $55. The bonds were issued on July 1, 2015, with
SOP Ltd bonds have a par value of $1,000 and pay semi-annual interest of $55. The bonds were issued on July 1, 2015, with a 30-year maturity. How much would you pay for SOP's bond on December 31, 2027, if your required rate of return is 10%?
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Financial Reporting Financial Statement Analysis and Valuation
Authors: Clyde P. Stickney
6th edition
324302959, 978-0324302967, 324302967, 978-0324302950
