A company has issued bonds with a face value of $1,000 and a coupon rate of 6%
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A company has issued bonds with a face value of $1,000 and a coupon rate of 6% per annum. The bonds have a maturity of 10 years and pay interest semi-annually. If the market interest rate for similar bonds is 8%, what is the current market price of the bonds?
Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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