Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Enterprise, Inc. bonds have an annual coupon rate of 13 percent. The interest is paid semiannually and the bonds mature in 14 years. Their par value is $1,000. If the market's required yield to maturity on a comparable-risk bond is 12 percent, what is the
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