Pet food company bonds pay an annual coupon rate of 896, Ask an Expert

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Pet Food Company bonds pay an annual coupon rate of 8.96 percent. Coupon payments are paid semiannually. Bonds have 20 years to maturity and par value of $1,000. Compute the value of Pet Food Company bonds if the market interest rate on this type of bond is 10.94 percent. Round the answer to two decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92405911

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