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Ryan37sport Ryan37sport
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A year ago
Company A has a bond outstanding that pays a 9% coupon. The interest is paid semiannually, and the bond matures in 13 years. If the market rate of interest on bonds of similar risk is 12%, what should company A’s bond be selling for, approximately?


▸

$741.60



▸

$770.35



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$801.50



▸

$804.95

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
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oth987oth987
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A year ago
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Ryan37sport Author
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A year ago
Correct Slight Smile TY
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