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papahomer papahomer
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6 years ago
What is the value of a bond that matures in three years, has an annual coupon payment of $110, and a par value of $1,000? Assume a required rate of return of 11%, and round your answer to the nearest $10.
A) $970
B) $1,330
C) $330
D) $1,000
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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David_hessDavid_hess
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6 years ago
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papahomer Author
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6 years ago
You make an excellent tutor!
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Thanks
TheMoffattMan
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Brilliant ツ
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