Potter industries has a bond issue outstanding with a 6, Ask an Expert

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Potter Industries has a bond issue outstanding with a 6% coupon rate with semiannual payments of $30, and a 10-year maturity. The par value of the bond is $1,000. If the going annual interest rate is 8.6%, what is the value of the bond? Round your answer to the nearest cent. Do not round intermediate calculations.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92272907

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