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What is the value of a 20-year, $1000 bond, if investors require a 5 percent return and the bond pays a 10 percent coupon semi-annually?
What is the value of a 20-year, $1000 bond, if investors require a 5 percent return and the bond pays a 10 percent coupon semi-annually?
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
