Question fresh sold an issue of 11-year 1000 par value, Ask an Expert

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Question: Fresh sold an issue of 11-year $1,000 par value bonds to the public. The bonds have a 947 percent coupon rate and pay interest annually. The current market rate of interest on the Fresh Water, Inc. bonds is 11.60 percent. What is the current market price of the bonds? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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