ABC Corporation issued 20-year, noncallable, 8% coupon bonds that pays coupon payment semi-annually. Par value is $1,000.
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ABC Corporation issued 20-year, noncallable, 8% coupon bonds that pays coupon payment semi-annually. Par value is $1,000. Assume market interest rate on these bonds is 5.5%. What is the current price of the bonds?
Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
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