A bond has a par value of 1,000. It pays 8.75% interest on its Par Value and it sells for 1,314. Maturing in 12 years. How do I find the required rate of return?
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A bond has a par value of 1,000. It pays 8.75% interest on its Par Value and it sells for 1,314. Maturing in 12 years. How do I find the required rate of return?
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