Austin power co bonds have a 14 annual coupon rate interest, Ask an Expert

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Austin Power Co. bonds have a 14% annual coupon rate. Interest is paid semi-annually. The bonds have a par value of $1,000 and will mature 10 years from now. If the (annual) required rate of return is 12%, what is the price of the Austin Power bonds?

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Financial Management, Finance

Category:- Financial Management
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