Question: Problem 8.04 x Your answer is incorrect. Try again. Blossom Inc. has seven-year bonds outstanding that pay a 10 percent coupon rate. Investors buying these

Problem 8.04 x Your answer is incorrect. Try again. Blossom Inc.

Problem 8.04 x Your answer is incorrect. Try again. Blossom Inc. has seven-year bonds outstanding that pay a 10 percent coupon rate. Investors buying these bonds today can expect to earn a yield to maturity of 6.000 percent. What is the current value of these bonds? Assume annual coupon payments. (Round answer to 2 decimal places, e.g. 15.25.) x Current value 665.06 $ Click if you would like to Show Work for this question: Open Show Work

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