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Union Pacific Railroad's bonds mature in 2026 (8 years), have a par value of $1,000, and make an annual coupon interest payment of $70. The
Union Pacific Railroad's bonds mature in 2026 (8 years), have a par value of $1,000, and make an annual coupon interest payment of $70. The market requires an interest rate of 8.4% on these bonds. What is the bond's value? $903.04 $920.75 $948.76 $972.48 $996.79 a. b. C. d. e
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Financial Markets And Institutions
Authors: Jeff Madura
9th Edition
1439038848, 978-1439038840
