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

Finance

Problem:

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

Required:

Question 1: Calculate the bonds price today. Explain in detail and describe step by step solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91147245

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