a $1,000 par value bond has an interest of 8% and coupon rate of 6.5% (paid semi-annually)
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a $1,000 par value bond has an interest of 8% and coupon rate of 6.5% (paid semi-annually) mature for 12 years returns 8%. What is the bond's current price?
Related Book For
Financial Management Theory and Practice
ISBN: 978-1305632295
15th edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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