What is the price of a PepsiCo Corporation's bond that has a 12.85 percent coupon and...
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What is the price of a PepsiCo Corporation's bond that has a 12.85 percent coupon and a face value of $1,000, pays interest semiannually, and has 22 years to maturity, if the required rate of return is 18 percent? What is the price of a PepsiCo Corporation's bond that has a 12.85 percent coupon and a face value of $1,000, pays interest semiannually, and has 22 years to maturity, if the required rate of return is 18 percent?
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To calculate the price of a bond we need to use the following formula Bond price C 1 ... View the full answer
Related Book For
Introduction to Corporate Finance What Companies Do
ISBN: 978-1111222284
3rd edition
Authors: John Graham, Scott Smart
Posted Date:
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