Question
What is the price of a 29-year bond paying 8.9 % annual coupons with a face (par) value of $1,000 if the market rates for
What is the price of a 29-year bond paying 8.9 % annual coupons with a face (par) value of $1,000 if the market rates for these bonds are 7.0 %? Answer to the nearest cent, xxx.xx and enter without the dollar sign.
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Business Finance Theory And Practice
Authors: Eddie McLaney
7th Edition
0273702629, 978-0273702627
