Petty Productions Inc. recently issued 30-year $1,000 face value, 12% annual coupon bonds. Themarket discount rate for
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- Petty Productions Inc. recently issued 30-year $1,000 face value, 12% annual coupon bonds. Themarket discount rate for this bond is only 7%. What is the current price of this bond?
- Progressive Plastics Inc. issued 30-year 7% annual coupon bonds five years ago. Currently, the yield to maturity is 9.65% on these $1,000 par value bonds. What is the current price per bond?
- Phillips Fine Fixtures Inc. wishes to issue new bonds but is uncertain how the market would set the yield to maturity. The bonds would be 20-year, 7% annual coupon bonds with a $1,000 par value. Fisher has determined that these bonds would sell for $1,050 each. What is theyield to maturityfor these bonds?
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