A perpetual bond pays coupons of 6 every yr on a face value


At ALINKO INC.

A perpetual bond pays coupons of 6% every yr on a face value of $1,000. The rate of return on the bond is 8.9% every yr.

What is the price of the bond?

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Business Economics: A perpetual bond pays coupons of 6 every yr on a face value
Reference No:- TGS02850020

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