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To expand its business, the BBQ factory would like to issue a bond with par value of $1,000, coupon rate of 10 percent, and maturity
To expand its business, the BBQ factory would like to issue a bond with par value of $1,000, coupon rate of 10 percent, and maturity of 10 years from now. What is the value of the bond if the required rate of return is (a) 6 percent (b) 10 percent. (c) 14 percent
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