Sunns cos bonds maturing in 9 years pay 15 percent interest, Ask an Expert

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Sunn's Co.'s bonds, maturing in 9 years, pay 15 percent interest on a $1000 face value. However, interest is paid semiannually. if your required rate of return is 11 percent, what is the value of the bond? How would your answer change if the interest were paid annually?

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Financial Management, Finance

Category:- Financial Management
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