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The Morrissey Company's bonds mature in 7 years, have a par value of $1,000, and make an annual coupon payment of $90. The market interest
The Morrissey Company's bonds mature in 7 years, have a par value of $1,000, and make an annual coupon payment of $90. The market interest rate for the bonds is 10%. What is the bond's price?
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Modern Equity Investing Strategies
Authors: Anatoly B Schmidt
1st Edition
9811239495, 978-9811239496
