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The bonds of the Lange Corporation are perpetuities with a 10 percent coupon. Bonds of this type currently yield 13 percent, and their par value
The bonds of the Lange Corporation are perpetuities with a 10 percent coupon. Bonds of this type currently yield 13 percent, and their par value is $1,000. What is the fair price of the Lange bonds?
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International Financial Management
Authors: Jeff Madura
7th Edition
0324071744, 978-0324071740
