Mcintire Corp. is considering the issue of 3 1 . 0 0 0 Fate valive, 2 0

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Question:

Mcintire Corp. is considering the issue of

31.000

Fate valive,

20

vear. pertent coupon bonds. The bonds will make coupon payments on a semi

-

annual basis. Ve observes that bonds of Barrett Company are trading at $

1079.31,

have the same maturity date and pay an annual coupon of

10

percent. If the two bonds are expected to be similar in risk, what price will a bond of Mcintire Corp, sell for?

Posted Date: May 07, 2024 02:32 AM

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Mcintire Corp. is considering the issue of 3 1 . 0 0 0 Fate valive, 2 0

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