Horse Rocket Software has issued a five-year bond with a face value of $1,000 and a 10%
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- Horse Rocket Software has issued a five-year bond with a face value of $1,000 and a 10% coupon rate. Interest is paid annually. Similar bonds in the market have a discount rate of 12%. what is the current price of the bond?
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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