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Riordan Inc. offers a 7 percent coupon bond that has a $1,000 par value

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Question;Riordan Inc. offers a 7 percent coupon bond that has a $1,000 par value, semiannual coupon payments and a yield to maturity of 7.73%. The bond matures in 9 years.? What is the price of the bond?

 

Paper#44170 | Written in 18-Jul-2015

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