Bond rates and maturity
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Borden's 8 3/4% bond matures April 15, 2016 paid and compounded annually.
Determine value of a $1000 bond as of April 14, 2004 to investor who holds bond until maturity
required Rate of Return:
a) 7%
b) 9%
c) 11%
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a) The coupon rate is 8.75% annual. We have two type of cash flow. First the annual payments of 87.50 towards interest ...
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