(Answered) Fresh water inc sold an issue of 10-year 1000 par value

Finance

Fresh Water, Inc. sold an issue of 10-year $1,000 par value bonds to the public. The bonds have a 8.45 percent coupon rate and pay interest annually. The current market rate of interest on the Fresh Water, Inc. bonds is 12.20 percent. What is the current market price of the bonds?

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