Sally ruth inc. has outstanding 1000 par value bonds with, Ask an Expert

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Sally Ruth, Inc. has outstanding $1,000 par value bonds with an annual coupon interest rate of 8 percent. The bonds will mature in 20 years and interest is paid semi-annually. Compute the current price of the bonds if the yield to maturity is: (a) 5%, (b) 8%, (c) 10%.

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Category:- Basic Finance
Reference No.:- M940395

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