General Mills has a $1,000 par value, 23-year to maturity bond outstanding with an annual coupon...
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General Mills has a $1,000 par value, 23-year to maturity bond outstanding with an annual coupon rate of 10.82 percent per year, paid semiannually. Market interest rates on similar bonds are 12.81 percent. Calculate the bond's price today. Round the answer to two decimal places. General Mills has a $1,000 par value, 23-year to maturity bond outstanding with an annual coupon rate of 10.82 percent per year, paid semiannually. Market interest rates on similar bonds are 12.81 percent. Calculate the bond's price today. Round the answer to two decimal places.
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General Mills has a 1000 par value 23 year bond outstanding with an annual coupo... View the full answer
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Posted Date:
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