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stranahan stranahan
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8 years ago
Endicott Enterprises Inc. has issued 30-year semiannual coupon bonds with a face value of $1,000. If the annual coupon rate is 14% and the current yield to maturity is 8%, what is the firm's current price per bond?
A) $579.84
B) $578.82
C) $1,675.47
D) $1,678.70
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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clockfitnessclockfitness
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8 years ago
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stranahan Author
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8 years ago
Thank you for  the help. I had a few questions on a few of them and this really confirmed my answers.
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