Question
Union Pacific Railroads bonds mature in 2020 (8 years), have a par value of $1,000, and make an annual coupon interest payment of $65. The
Union Pacific Railroads bonds mature in 2020 (8 years), have a par value of $1,000, and make an annual coupon interest payment of $65. The market requires an interest rate of 8.2% on these bonds. What is the bond's value? [Type in your answer to the nearest penny.]
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Cases In Healthcare Finance
Authors: Louis Gapenski
5th Edition
1567936113, 978-1567936117
