20 years ago delicious mills issued 30 year to maturity, Ask an Expert

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20 years ago, Delicious Mills, issued 30 year to maturity bonds that had 8.41% annual coupon rate, paid semiannually. The bonds had a 1,000 face value, since then, interest rates since then have changed and the yield to maturity on the delicious mills bonds is now 8.23%. Given this information, what is the price today for a delicious mills bond? Round to the nearest two decimal place.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91771757

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