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You are considering the purchase of a $1,000 par value bond with a coupon rate of 4.2% (with interest paid semiannually) that matures in 12
You are considering the purchase of a $1,000 par value bond with a coupon rate of 4.2% (with interest paid semiannually) that matures in 12 years. If the bond is priced to yield 8%, what is the bond's current price? The bond's current price is $ (Round to the nearest cent.) Step by Step Solution
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Energy Finance And Economics Analysis And Valuation Risk Management And The Future Of Energy
Authors: Betty Simkins, Russell Simkins
1st Edition
1118017129, 978-1118017128
