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The 11 year old par value bonds of Waco industries pay 6 percent interest annually. The market price of the bond is 915 and the
The 11 year old par value bonds of Waco industries pay 6 percent interest annually. The market price of the bond is 915 and the markets required yield to maturity on a comparable risk bond is 9 percen...
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur Keown, John Martin
12th edition
133423824, 978-0133423822
