What is the price of a 18-year bond paying 6 % annual coupons with a face (par)

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What is the price of a 18-year bond paying 6 % annual coupons with a face (par) value of $1,000 if the market rates for these bonds are 7 %?Answer to the nearest cent,xxx.xx and enter without the dollar sign.

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Introduction To Corporate Finance

ISBN: 9781118300763

3rd Edition

Authors: Laurence Booth, Sean Cleary

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Posted Date: May 19, 2024 10:16 PM

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What is the price of a 18-year bond paying 6 % annual coupons with a face (par)

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Introduction To Corporate Finance

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