Problemgeneral mills has 1000 par value 12 year bond, Ask an Expert

Finance

Problem:

General Mills has $1,000 par value, 12 year bond outstanding with an annual coupon rate of 3.60 per year, paid semiannually. Market interest rates on similar bonds are 12.70 percent.

Required:

Question: Calculate the bonds price today.

Note: Explain in detail.

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Category:- Basic Finance
Reference No.:- M91175080

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