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The International Publishing Group is raising $10 million by issuing 15-year bonds with a coupon rate of 8.40 percent. Coupon payments will be made
The International Publishing Group is raising $10 million by issuing 15-year bonds with a coupon rate of 8.40 percent. Coupon payments will be made annually. Investors buying the bonds today will earn a yield to maturity of 8.40 percent. The Face Value of each bond is $1,000. At what price will the bonds sell in the marketplace? Sale value $
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
7th edition
978-0133856507, 013385650X, 133856437, 978-0133856439
