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Assume annual coupons-what is the present value
Course:- Financial Management
Reference No.:- EM13942946





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What is the present value of a $1,000 par corporate bond from the Burns Corp. with an annual coupon rate of 10% and 30 years to maturity when market rates on similar bonds are 8%? Assume annual coupons.

$1,466.67

$1,590.33

$1,225.16

$1,348.75




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