What is the value of a pac ten bond

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What is the value of a Pac Ten bond with a 10% coupon that matures in 15 years?  Assume the current market rate for this bond is 16% ans that interest is paid annually.  The investor's required rate of return is 8%

Reference no: EM13249560

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What is the value of a pac ten bond : What is the value of a Pac Ten bond with a 10% coupon that matures in 15 years?  Assume the current market rate for this bond is 16% ans that interest is paid annually.  The investor's required rate of return is 8%
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