Determine the price of a $1 million bond issue under each of the following independent assumption. 1.
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Determine the price of a $1 million bond issue under each of the following independent assumption.
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1. 2. 3. 4. 5. Maturity 10 years 10 years 10 years 20 years 20 years Interest Paid Annually Semiannually Semiannually Semiannually Semiannually Stated Rate 10% 10% 12% 12% 12% Effective (Market) Rate 12% 12% 10% 10% 12%
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