Question
what would you be willing to pay for a $ 1,000 bond paying $ 70 interest at the end of each year and maturing in
what would you be willing to pay for a $ 1,000 bond paying $ 70 interest at the end of each year and maturing in 25 years if you wanted the bond to yield :
A) 5 percent
b) 7 PERCENT
C) 12 Percent.
please give details
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
8th Edition
1260247848, 978-1260247848
