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Business, 28.11.2019 00:31 vicor

10) austin power co. bonds have a 14% annual coupon rate. interest is paid semi-annually. the bonds have a par value of $1,000 and will mature 10 years from now. if the (annual) required rate of return is 12%, what is the price of the austin power bonds? [hint: you need to convert your coupon rate, your number of periods, n, and your req. rate of ret. to a semi-annual basis.]

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10) austin power co. bonds have a 14% annual coupon rate. interest is paid semi-annually. the bonds...
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