Eagle Enterprises issued 10 year bonds in March 2014 with a face value of $1,000, paying semi-annual

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Eagle Enterprises issued 10 year bonds in March 2014 with a face value of $1,000, paying semi-annual coupons with a coupon rate of 6%, and a yield to maturity of 4%. It is now March 2017, what is the current price of the bond?

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Corporate Finance

ISBN: 9781265533199

13th International Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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Posted Date: Feb 29, 2024 06:11 AM

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Eagle Enterprises issued 10 year bonds in March 2014 with a face value of $1,000, paying semi-annual

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To calculate the current price of the bond in March 2017 we need to find the present value of all fu... View the full answer

Corporate Finance

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