Bond price: Marshall Company is issuing eight-year bonds with a coupon rate of 6.5 percent and semiannual
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Bond price: Marshall Company is issuing eight-year bonds with a coupon rate of 6.5 percent and semiannual coupon payments. If the current market rate for similar bonds is 8 percent, what will the bond price be? If company management wants to raise $1.25 million, how many bonds does the firm have to sell?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781119795438
5th Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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