varshadaswani1598 varshadaswani1598

25-02-2024
Business

contestada

(10 Percent) Follie Corp.'s bonds have a 20 -year maturity, a
7.80%
semiannual coupon, and a par value of
$1,000
. The going interest rate
(rd)
is
8.40%
, based on semiannual compounding. What is the bond's price?

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