A perpetual bond sells for $1,000 and will pay $79 a year forever. the fed changes its
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A perpetual bond sells for $1,000 and will pay $79 a year forever. the fed changes its policy and the interest rate changes to 18 percent. the price of the bond is now what?
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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