Assuming the bonds will be issued for 5 years with a coupon rate of 6.5%, and XYZ

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Assuming the bonds will be issued for 5 years with a coupon rate of 6.5%, and XYZ wishes to raise $1,000,000 determine the price and number of bonds to be issued given that the market rate for similar bonds is 8%.

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Apr 16, 2024 10:08 AM

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Assuming the bonds will be issued for 5 years with a coupon rate of 6.5%, and XYZ

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