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The 15-year bonds of Jones Paper Mill have a face value of $1,000, a 6.75 percent coupon, and pay interest annually. What is one of
The 15-year bonds of Jones Paper Mill have a face value of $1,000, a 6.75 percent coupon, and pay interest annually. What is one of these bonds worth to you today if you require a 7.5 percent rate of return?
| $927.40 | ||
| $933.80 | ||
| $1,072.60 | ||
| $1,066.20 |
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CFIN
Authors: Scott Besley, Eugene Brigham
5th edition
1305661656, 9781305888036 , 978-1305666870
