The International Publishing Group is raising $10 million by issuing 15-year bonds with a coupon rate of

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The International Publishing Group is raising $10 million by issuing 15-year

bonds with a coupon rate of 5 percent. Coupon payments will be made annually.

Investors buying the bond currently will earn a yield to maturity of 8.5 percent. At what

price will the bonds sell in the marketplace?

Posted Date: May 18, 2024 09:13 PM

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The International Publishing Group is raising $10 million by issuing 15-year bonds with a coupon rate of

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