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Accounting

Problem:

The Cougar Corporation has issued 20-year semi-annual coupon bonds with a face value of $1,000. If the annual coupon rate is 10% and the current yield to maturity is 12%,

Required:

Question: What is the firm's current price per bond?

$850.61
$849.54
$1,170.27
$1,171.59

Note: Please explain comprehensively and give step by step solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91172222

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