Rockne, Inc., has outstanding bonds that will mature in six years and pay an 8 percent

$1.49 Excluding Tax

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QUESTION:

Rockne, Inc., has outstanding bonds that will mature in six years and pay an 8 percent coupon semiannually. If you paid $1036.65 today and your required rate of return was 6.6 percent, did you pay the right price for the bond?


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