Question
A Corporation issued 15-year, noncallable, 8.5% annual coupon bonds at their par value of $2,000 one year ago. Today, the market interest rate on these
A Corporation issued 15-year, noncallable, 8.5% annual coupon bonds at their par value of $2,000 one year ago. Today, the market interest rate on these bonds is 6.5%. What is the current price of the bonds, given that they now have 13 years to maturity?
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Payroll Accounting 2018
Authors: Bernard J. Bieg, Judith Toland
28th edition
1337291056, 978-1337291057, 1337291137, 9781337291132, 9781337516686 , 978-1337291040
