Rockne, Inc., has 15-year bonds that will mature in six years and pay an 8 percent coupon,

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Rockne, Inc., has 15-year bonds that will mature in six years and pay an 8 percent coupon, interest being paid semiannually. If you paid $1036.65 today, and your required rate of return was 6.6 percent, did you pay the right price for the bond?

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Essentials of Corporate Finance

ISBN: 978-1118868416

1st edition

Authors: Robert Parrino, David S. Kidwell, Thomas Bates

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Question Posted: Mar 31, 2017 02:18 PM

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Rockne, Inc., has 15-year bonds that will mature in six years and pay an 8 percent coupon,

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Years to maturity n 6 Coupon rate C 8 Semiannual ...View the full answer

Essentials of Corporate Finance

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