Current price of the company 12%, semiannual, noncallable bonds with 15 years remaining to maturity is $

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Current price of the company 12%, semiannual, noncallable bonds with 15 years remaining to maturity is $ 1,153.72. There are 70,000 bonds.

what is the market interest rate of the debt?

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Intermediate Financial Management

ISBN: 9780357516669

14th Edition

Authors: Eugene F Brigham, Phillip R Daves

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Posted Date: Apr 08, 2024 12:26 PM

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Current price of the company 12%, semiannual, noncallable bonds with 15 years remaining to maturity is $

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