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borteleto borteleto
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Posts: 2477
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6 years ago
Cabell Corp. bonds pay an annual coupon rate of 10%. If investors' required rate of return is now 12% on these bonds, they will be priced at
A) par value.
B) a premium to par value.
C) a discount to par value.
D) Cannot be determined without knowing the number of years to maturity.
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
Read 73 times
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wrote...
6 years ago
 C
 
borteleto Author
wrote...
6 years ago
Thank you
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