Suppose you buy a Harley-Davidson Corporation bond that pays 5 percent or $50 annual interest and has
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Suppose you buy a Harley-Davidson Corporation bond that pays 5 percent or $50 annual interest and has a face value of $1,000. Further, assume that new corporate bond issues of comparable quality currently pay 6 percent. What is the approximate market value?
Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
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