You purchase a 7% annual coupon bond for $871.65 today. You then sell the bond after holding
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You purchase a 7% annual coupon bond for $871.65 today. You then sell the bond after holding it for one year and earn a 9% return on your investment. What is the price for which you would have sold the bond?
Related Book For
Essentials Of Corporate Finance
ISBN: 9780073382463
7th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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