IBM is selling a $1,000 par value bond that has a coupon rate of 4% that pays
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IBM is selling a $1,000 par value bond that has a coupon rate of 4% that pays interest annually and has 10 years remaining to maturity. Assuming you require a yield to maturity of 8 percent, what is the value of the bond?
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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