A bond pays an annual coupon of 91 has a face value of 1000, Ask an Expert

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A bond pays an annual coupon of $91 has a face value of $1,000 and has 16 years remaining until maturity. If the current market required rate of return on bonds of this type is 11% what is the market price of the bond? State your answer in dollars and cents. The dollar sign is not necessary

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Financial Management, Finance

Category:- Financial Management
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