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What is the value of a bond that has a par value of $1,000, a coupon rate of 17.24% paid annually and that matures in
What is the value of a bond that has a par value of $1,000, a coupon rate of 17.24% paid annually and that matures in 8 years? Assume a required rate of return on this bond is 13.53%
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To calculate the value of the bond we can use the present value formula for a bonds cash flows Bond ...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
