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The bond market requires a return of 7.8 percent on the 5-year bonds issued by JW Industries. Two years ago, JW issued bonds at
The bond market requires a return of 7.8 percent on the 5-year bonds issued by JW Industries. Two years ago, JW issued bonds at par with a 6% coupon. In order to create a yield of 7.8% on a bond with a 6% coupon, what happens in the market?
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If the bond market requires a return of 78 on 5year bonds and JW Industries issued 6 coupon bonds 2 ...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
