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Quiz Chapter 7 Key

Quiz Chapter 7 Key - CHAPTER 7 BONDS AND THEIR VALUATION...

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Chapter 7: Bonds and Their Valuation Page 1 Bond valuation 1. The Carter Company's bonds mature in 10 years have a par value of $1,000 and an annual coupon payment of $80. The market interest rate for the bonds is 9%. What is the price of these bonds? a. $935.82 b. $941.51 c. $958.15 d. $964.41 Callable bond 2. Which of the following events would make it more likely that a company would choose to call its outstanding callable bonds? Bond concepts 3. Which of the following statements is NOT CORRECT?
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