Ben's Corporation's bonds have a 12-year maturity, a 8% semiannual coupon, and a par value of $1,000.
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Ben's Corporation's bonds have a 12-year maturity, a 8% semiannual coupon, and a par value of $1,000. The market interest rate (r) is 6%, based on semiannual compounding. What is the bond’s price?
Related Book For
Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
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