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Business, 23.01.2020 18:31 mathman783
Several years ago mmm company borrowed money through a bond issue with the following features. each individual bond has a $1,000 par value and a 9% annual coupon interest rate, with interest paid semi-annually (twice per year), and will mature five years from today.
what price should someone who requires an 8% annual rate of return (yield to maturity) be willing to pay for one of these bonds?
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Several years ago mmm company borrowed money through a bond issue with the following features. each...
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