Calculate the price of a bond based on the following parameters: Coupon interest rate .........................9.50% Par value

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Calculate the price of a bond based on the following parameters:

Coupon interest rate .........................9.50%

Par value of bond.....................$1,000,000

Life of the bond ...........................10 years

Market interest rate...............................9%

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Introduction To Corporate Finance

ISBN: 9781118300763

3rd Edition

Authors: Laurence Booth, Sean Cleary

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Question Posted: May 23, 2013 04:05 AM

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Calculate the price of a bond based on the following parameters: Coupon interest rate .........................9.50% Par value

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