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The ABC Company issued bonds twenty years ago that bear an 8 % annual coupon, paid annually. The bonds will mature in ten years, and
The ABC Company issued bonds twenty years ago that bear an annual coupon, paid annually. The bonds will mature in ten years, and the yield to maturity is currently The bond carries a $ face value. What is the price of the ABC Company's bonds today?
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Financial Management
Authors: I.M. Pandey
11th Edition
9325982293, 978-9325982291
