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The value of a bond is equal to the present value of the bond's interest payments plus the present value of the bond's maturity value,
The value of a bond is equal to the present value of the bond's interest payments plus the present value of the bond's maturity value, all discounted at the bond's coupon rate.
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker
3rd Edition
076377894X, 978-0763778941
