Philip ending cash balance
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What must the coupon rate be on these bonds? Clarify comprehensively and specify all computation and methods.
A four-year maturity 0 percent coupon corporate bond with a required rate of return of 12 percent has an annual duration of _______________ years. Clarify comprehensively and specify all computation and methods.
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What would Philip's ending cash balance be? Clarify comprehensively and specify all computation and methods.
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