A firm has issued a 1000 par 4 annual coupon bond that is


A firm has issued a $1,000 par 4% annual coupon bond that is to mature in 18 years. If your required rate of return is 6.5%, what price would you be willing to pay for the bond?

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Finance Basics: A firm has issued a 1000 par 4 annual coupon bond that is
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