(Answered) Fresh food inc sold an issue of 15-year 1000 par value

Finance

Fresh Food, Inc. sold an issue of 15-year $1,000 par value bonds to the public. The bonds have a 10.83 percent coupon rate and pay interest annually. The current market rate of interest on the Fresh Food, Inc. bonds is 10.71 percent. What is the current market price of the bonds?

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