Grossnickle Corporation issued 20-year, noncallable, 7.1% annual coupon bonds at their par value of $1,000 one...
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Grossnickle Corporation issued 20-year, noncallable, 7.1% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 19 years to maturity? O a. $1,114.58 O b. $1,007.86 O c. $1,090.86 O d. $1,185.72 O e. $1,102.72 Grossnickle Corporation issued 20-year, noncallable, 7.1% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 19 years to maturity? O a. $1,114.58 O b. $1,007.86 O c. $1,090.86 O d. $1,185.72 O e. $1,102.72
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