A bond that has a face value of $1,000, matures in 24 years and pays coupons of
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Question:
A bond that has a face value of $1,000, matures in 24 years and pays coupons of 11.3% per annum.
If the bond's required rate of return is 13.2% per annum and coupons are received semi-annually. How much are you willing to pay?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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