You purchase a 7% annual coupon bond for $871.65 today. You then sell the bond after holding

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You purchase a 7% annual coupon bond for $871.65 today. You then sell the bond after holding it for one year and earn a 9% return on your investment. What is the price for which you would have sold the bond?

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Essentials Of Corporate Finance

ISBN: 9780073382463

7th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Posted Date: Feb 23, 2024 01:21 AM

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You purchase a 7% annual coupon bond for $871.65 today. You then sell the bond after holding

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Essentials Of Corporate Finance

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