The bonds of Amalgamated Industries make annual interest payments of $120 per year and have a par

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The bonds of Amalgamated Industries make annual interest payments of $120 per year and have a par value of $1,000. These bonds mature in 28 years. Assuming the bonds have a yield to maturity of 16.3%, what is the current bond price.

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Corporate Finance Core Principles And Applications

ISBN: 9781260571127

6th Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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Posted Date: Apr 12, 2023 04:12 AM

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The bonds of Amalgamated Industries make annual interest payments of $120 per year and have a par

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ANSWER IS To calculate the current price of the bond we need to use t... View the full answer

Corporate Finance Core Principles And Applications

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