Carnival inc issued bonds five years ago with par 1000 and, Ask an Expert

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Carnival Inc. issued bonds five years ago with par $1000 and had a 20-year life when it was issued. When it was issued, the coupon rate was 12%. After five years, now, the current market rate for these bonds is 10%. What should one pay for these bonds now?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92300005

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