
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:Haswell Enterprises' bonds have a 10-year maturity, a 6.25% semiannual coupon, and a par
value of $1,000. The going interest rate (rd) is 6.75%, based on semiannual compounding.
What is the bond's price?
Select the correct answer.
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