Philips Industries has bonds outstanding ($1,000 par value) that mature 3 years from today and have a

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Philips Industries has bonds outstanding ($1,000 par value) that mature 3 years from today and have a coupon interest rate 9 3/8 percent.

Calculate the maximum price an investor should be willing to pay if the investor desires a 10 percent yield to maturity.

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Introduction to Corporate Finance

ISBN: 978-0324657937

2nd edition

Authors: Scott B. Smart, William L Megginson

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Posted Date: Apr 10, 2023 01:19 AM

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Philips Industries has bonds outstanding ($1,000 par value) that mature 3 years from today and have a

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Introduction to Corporate Finance

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