Question
The Rumford Company issues 19-year bonds, with an annual coupon rate of 7.8%, but makes coupons payments semi-annually. Calculate the price per $1,000 face value
The Rumford Company issues 19-year bonds, with an annual coupon rate of 7.8%, but makes coupons payments semi-annually. Calculate the price per $1,000 face value using an interest rate of 10.2%. Answer to the nearest cent.
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Public Finance In Canada
Authors: Harvey S. Rosen, Ted Gayer, Jean-Francois Wen, Tracy Snoddon
5th Canadian Edition
1259030776, 978-1259030772
