Question: i need an answer to this problem Crimson Tide incorporated has a bond trading on the secondary makket that wil mature ha sk years. The

i need an answer to this problem

Crimson Tide incorporated has a bond trading on the secondary makket that wil mature ha sk years. The bond pays a somi-annual coupon wath a coupon rate of 2.875% APA. Based on the economy and risk associsted with Crimaon Tide, you seok a 12.10% APA return on Crimson Tide debe. The foce value of the bond is $1,000. What price sove you willing to pay Sor the bond

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