A bond has a 25-year maturity, an 8% annual coupon paid semiannually, and a face value of $1,000. The going nominal annual interest rate (rd) is 6%. What is the bond’s price?
alaa aaA firm has $2million in earnings before taxes. The firm has an interest expense of $300,000 and depreciation of $200,000; it has no amortization.What is its EBITDA?
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