$2 000 000 debentures with a coupon rate of 14% per annum and 10 years to maturity....
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$2 000 000 debentures with a coupon rate of 14% per annum and 10 years to maturity. The current market yield for similar debentures is 12%. Calculate the value of the debentures?
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To calculate the value of the debentures we can use the formula for the present v... View the full answer
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