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Management Studies

Q. Zumwalt Corporation's Class S bonds have a 12year maturity, $1,000 par value also a 5.75% coupon paid semi-annually (2.875% each 6 months) also those bonds sell at their par value. Zumwalt's Class A bonds have the same risk, maturity also par value however, the A bonds pay a 5.75% annual coupon. Neither bond is callable. At illustrate what price should the annual payment bond sell?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9358971

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