Troyer Corp. $1,000 par value bonds mature in 17 years and pay a coupon of 8.0% on

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Troyer Corp. $1,000 par value bonds mature in 17 years and pay a coupon of 8.0% on a semiannual basis. If investors require a 6.9% rate of return on bonds with a semilar risk profile.

What should the bonds price be?

Related Book For answer-question

Foundations of Finance The Logic and Practice of Financial Management

ISBN: 978-0132994873

8th edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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Posted Date: Mar 11, 2023 01:42 AM

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Troyer Corp. $1,000 par value bonds mature in 17 years and pay a coupon of 8.0% on

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Foundations of Finance The Logic and Practice of Financial Management

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