Stanley, Inc. issues 15-year $1,000 bonds that pay $85 annually. The market price for the bonds is

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Stanley, Inc. issues 15-year $1,000 bonds that pay $85 annually. The market price for the bonds is $960. Your required rate of return is 9 percent.

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Foundations of Finance The Logic and Practice of Financial Management

ISBN: 978-0132994873

8th edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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