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ABX Company has an outstanding issue of $10,000-par value bonds with an 7% coupon interest rate. The bond has 6 years remaining to its maturity
ABX Company has an outstanding issue of $10,000-par value bonds with an 7% coupon interest rate. The bond has 6 years remaining to its maturity date. How much should the bond sell for today if coupons are received/paid ANNUALLY assuming an opportunity cost of 10%? Please do it as soon as possible. Thanks.
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