Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 4P
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Question
Price of debenture
![The par value of 10% debenture is
$1,000 with maturity is 3 years.
What would be the price
if interest rate is
(b) 10%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2ea6af8c-66b4-4ebe-87fb-aeffcbb3b4e5%2Faea6db45-f034-4382-bc24-e94f65a1bd6b%2Fy508bcv_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The par value of 10% debenture is
$1,000 with maturity is 3 years.
What would be the price
if interest rate is
(b) 10%
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