You bought one of mastadon manufacturing cos 66 percent


You bought one of Mastadon Manufacturing Co.’s 6.6 percent coupon bonds one year ago for $1,056. These bonds make annual payments, mature eleven years from now, and have a par value of $1,000. Suppose you decide to sell your bonds today, when the required return on the bonds is 4.5 percent.

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Financial Management: You bought one of mastadon manufacturing cos 66 percent
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