Pet Food Company bonds pay an annual coupon rate of 14.33 percent. Coupon payments are paid semiannually.

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Pet Food Company bonds pay an annual coupon rate of 14.33 percent. Coupon payments are paid semiannually. Bonds have 17 years to maturity and par value of $1,000. Compute the value of Pet Food Company bonds if the market interest rate on this type of bond is 8.83 percent.

Round the answer to two decimal places.

Posted Date: May 21, 2024 02:13 AM

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Pet Food Company bonds pay an annual coupon rate of 14.33 percent. Coupon payments are paid semiannually.

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