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What is the value of a bond that has a par value of $1,000, a coupon rate of 11.23 percent (paid annually), and that matures
What is the value of a bond that has a par value of $1,000, a coupon rate of 11.23 percent (paid annually), and that matures in 13 years? Assume a required rate of return on this bond is 10.43 percent.
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Public Finance
Authors: Harvey S Rosen
7th Edition
0072876484, 978-0072876482
