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Posted by: Homeworkhelp
Price Quoted by Student: $2
Posted On: 2011-03-02 12:12:32
 
Question

Renfro Rentals has issued bonds that have a 10%coupon rate, payable semiannually. The bonds mature in 8 years, have a face value of $1,000, and a yield to maturity of 8.5%. What is the price of the bonds?


Solutions
Renfro Rentals has issued bonds that have a 10%cou
Price $2
Attachment 1: Renfro Rentals has issued bonds that have a 10%coupon rate (2).doc
Solution Posted By: Homeworkhelp    Posted on: 02-03-2011