(Answered) Alinko inc bonds have a 1000 face value the promised annual

Economics

ALINKO Inc. bonds have a $1,000 face value. The promised annual coupon is $71.00 . The bonds mature in 10 yrs. There are 10 coupon payments of $71.00 each starting a year from now, and the last payment 10 yrs from now is coupon plus face.

The market's required return for these bonds is 8%.

What is the price of these bonds?

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Business Economics, Economics

Category:- Business Economics
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