A 15-year bond has a maturity value of $1,000 and pays $37.50 in interest every three months.
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A 15-year bond has a maturity value of $1,000 and pays $37.50 in interest every three months. If you require a 12 percent rate of return, computed quarterly,
How much would you be willing to pay for this bond?
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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