A company has an issue of 1000 par value bonds with a 12, Ask an Expert

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A firm has an issue of $1000 par value bonds with a 12% stated interest rate outstanding. The issue pays interest annually and has 10 years remaining to its maturity date. If bonds of similar risk are currently earning 8%, how much will the firm's bond sell for?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9273997

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