Calculate the price of a bond based on the following parameters: Coupon interest rate .........................9.50% Par value
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Calculate the price of a bond based on the following parameters:
Coupon interest rate .........................9.50%
Par value of bond.....................$1,000,000
Life of the bond ...........................10 years
Market interest rate...............................9%
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Related Book For
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary
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