Niki wants to know the current price of a 1000 bond which, Ask an Expert

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Niki wants to know the current price of a $1,000 bond which matures in 8.5 years, with a coupon interest rate of 8.5%, when the current market rate for similar risk bonds is 11.2%. Use your financial calculator and round your answer to the nearest cent ($x, xxx.xx). Show Work.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92310217

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