Problema firm has an issue of 1000 par value bonds with a, Ask an Expert

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A firm has an issue of $1000 par value bonds with a 11 percent coupon. The issue pays interest annually and has 10 years remaining to its maturity date.

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Question: If bonds of the same risk are currently earning 7.9 percent, what is the price of the bond?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91172168

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