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Xian Electronics has issued a 7 - year bond with a 9 percent coupon. The bond offered a yield to maturity of 8 percent. The
Xian Electronics has issued a year bond with a percent coupon. The bond offered a
yield to maturity of percent. The face value of the bond is $
a What interest payments do bondholders receive each year?
b At what price should the bond be sold, assuming annual interest payment?
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Corporate Financial Management
Authors: Julian Ralph Franks, Harry H. Scholefield
2nd Edition
0566020548, 978-0566020544
