Washington Enterprises' bonds have a 15-year maturity, a 8% semiannual coupon, and a par value of $1,000.

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Washington Enterprises' bonds have a 15-year maturity, a 8% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 5%, based on semiannual compounding. What is the bond's price?

Posted Date: May 21, 2024 06:07 AM

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Washington Enterprises' bonds have a 15-year maturity, a 8% semiannual coupon, and a par value of $1,000.

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