Would you pay 829 for one of these bonds if you thought, Financial Management

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Would you pay 829 for one of these bonds if you thought

The Jamaica Public Service Company’s bonds have 4 years remaining to maturity. Interest is paid annually; the bonds have a $1,000 par value; and the coupon interest rate is 9%.

a) Would you pay $829 for one of these bonds if you thought that the appropriate rate of interest was 12% -that is, if kd = 12%? Explain your answer.

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Financial Management: Would you pay 829 for one of these bonds if you thought

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Financial Management: Would you pay 829 for one of these bonds if you thought

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