Question
What is the value of a bond that has a par value of $1,000, a coupon rate of 17.24 percent (paid annually), and the matures
What is the value of a bond that has a par value of $1,000, a coupon rate of 17.24 percent (paid annually), and the matures in 8 years? Assume a required rate of return on this bond is 13.53 percent.
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Corporate Finance
Authors: Jonathan Berk and Peter DeMarzo
3rd edition
978-0132992473, 132992477, 978-0133097894
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