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Enterprise Inc bonds have a 9 percent annual coupon rate The interest is paid semiannually and the bonds mature in eight yearsTheir par value is $1000 If the market’s required yield to maturity

Enterprise, Inc. bonds have a 9 percent annual coupon rate. The interest is paid semiannually and the bonds mature in eight years. Their par value is $1,000. If the market’s required yield to maturity on a comparable-risk bond is 8 percent, what is the value of the bond? What is its value if the interest is paid annually?

Apr 01 2020 Read more Less More

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