What would you be willing to pay for a $1000 par, 7 1/2% coupon bond with 15

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What would you be willing to pay for a $1000 par, 7 1/2% coupon bond with 15 years until maturity if you wanted to earn a return of 8%?

a. $957

b. $985

c. $966

d. $991

Related Book For answer-question

Fundamentals of corporate finance

ISBN: 978-0078034633

10th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Posted Date: Feb 11, 2019 10:04 AM

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What would you be willing to pay for a $1000 par, 7 1/2% coupon bond with 15

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FV 1000 Time to maturity 15 year... View the full answer

Fundamentals of corporate finance

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