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stranahan stranahan
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7 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 15%, what is the firm's current price per bond?
A) $934.20
B) $466.79
C) $934.34
D) $1,000.00
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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crackerspoppycrackerspoppy
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#1
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you very much for this. It's really helpful.
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#3
3 years ago
thank you
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#4
3 years ago
asd
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#5
3 years ago
great answer!
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#6
3 years ago
incorrect
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#7
3 years ago
Thanks
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