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Wedge & Co. offers 8.5 percent coupon bonds with semiannual payments and a yield to maturity of 9 percent. The bonds mature in 8
Wedge & Co. offers 8.5 percent coupon bonds with semiannual payments and a yield to maturity of 9 percent. The bonds mature in 8 years. What is the market price per bond if the face value is $1,000?
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To calculate the market price per bond we can use the present value formula for bonds Heres how to d...
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
