Question: there is only this statement The 30 year A-rated bonds of Polly Cracker Company were initially issued at a 11 percent yield (paid semiarmally. After

there is only this statement Polly Cracker Company were initially issued at a 11 percent yield (paid

The 30 year A-rated bonds of Polly Cracker Company were initially issued at a 11 percent yield (paid semiarmally. After 10 years, the bonds have been upgraded to AA. Such bonds are currently yielding 6 percent (semiannual compounding). Assume the par value of the bonds is $1.000 Determine the price of a Polly Cracker bond. (Use a Financial calculator to arrive at the answer. Round ihe final answer to 2 decimal places.) Price of the bonds $1 The 30-year A-rated bonds of Polly Cracker Company were initially issued at a 11 percent yield (paid semiannually). After 10 years, the bonds have been upgraded to M Such bonds are currently yielding 6 percent (semiannual compounding). Assume the par value of the bonds is $1,000 Determine the price of a Polly Cracker bond. (Use a Financial calculator to arrive at the answer, Round the final answer to 2 decimal places.) Price of the bonds

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