Fama corporations bonds have a 10-year maturity a 7


FAMA Corporation's bonds have a 10-year maturity, a 7% semiannual coupon, and a par value of $1,000. The current nominal interest rate (rd) is 6% (YTM). What is the bond's price?

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Financial Management: Fama corporations bonds have a 10-year maturity a 7
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