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jkim3464 jkim3464
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8 months ago
Morrissey Company’s bonds mature in 8 years, have a par value of $1,000, and make an annual coupon payment of $90. The market interest rate for the bonds is 11%. What is the bond’s price?


▸

$860.33



▸

$882.15



▸

$897.08



▸

$912.40

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
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richardbuggrichardbugg
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8 months ago
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jkim3464 Author
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8 months ago
Brilliant ツ
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This helped my grade so much Perfect
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