Question
Wet Donkey Corporation's bonds have a 10-year maturity, a 7.50% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 6.00%,
Wet Donkey Corporation's bonds have a 10-year maturity, a 7.50% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 6.00%, based on semiannual compounding. What is the bonds price?
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
7th Edition
0538877766, 9780538877763
