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M&B3 3rd Edition by Dean Croushore
Edition 3ISBN: 978-1285167961M&B3 3rd Edition by Dean Croushore
Edition 3ISBN: 978-1285167961 Exercise 14
Consider a coupon bond that pays $200 every year and repays its principal amount of $10,000 at the end of 10 years. If the rate of discount is 2 percent, what is the present value of the bond
Explanation
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Present value:
Present value is the wor...
M&B3 3rd Edition by Dean Croushore
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