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You have just purchased a 10-yr, $1,000 par value bond. The coupon rate on this bond is 8% annually, with interest being paid semiannually. If
You have just purchased a 10-yr, $1,000 par value bond. The coupon rate on this bond is 8% annually, with interest being paid semiannually. If you expect to earn a 10% rate of return on this bond, how much did you pay for it ?
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Fundamentals Of Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
2nd Edition
0324406363, 978-0324406368
