Bright Sun, Inc. sold an issue of 30-year $1,000 par value bonds to the public. The bonds

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Bright Sun, Inc. sold an issue of 30-year $1,000 par value bonds to the public. The bonds had a 10.00 percent coupon rate and paid interest annually. It is now 20 years later. The current market rate of interest on the Bright Sun bonds is 10.26 percent. What is the current market price (intrinsic value) of the bonds? Round the answer to two decimal places.

Posted Date: May 19, 2024 07:08 AM

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Bright Sun, Inc. sold an issue of 30-year $1,000 par value bonds to the public. The bonds

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