Dawgpound incorporated has a bond trading on the secondary, Financial Management

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Dawgpound incorporated has a bond trading on the secondary

Dawgpound Incorporated has a bond trading on the secondary market that will mature in four years. The bond pays an annual coupon with a coupon rate of 4.25% and has a face value of $1,000.00. Based on the economy and risk associated with Dawgpound, you seek a 12.25% return on Dawgpound debt. What price are you willing to pay for the bond?

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Financial Management: Dawgpound incorporated has a bond trading on the secondary

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Financial Management: Dawgpound incorporated has a bond trading on the secondary

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