Question: SS services has one outstanding bond issue, which has 13 years remaining to maturity and a coupon rate of 2.326%. Interest payments are made semi-annually,
SS services has one outstanding bond issue, which has 13 years remaining to maturity and a coupon rate of 2.326%. Interest payments are made semi-annually, the firms tax rate is .40, and the bonds are currently trading at $1,030.00. What is the FV of the bonds ?
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