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Assume that today's date is April 15, 2015. Fresh Bakery Inc. bond is an annual-coupon bond. Par value of the bond is $5,000. How
Assume that today's date is April 15, 2015. Fresh Bakery Inc. bond is an annual-coupon bond. Par value of the bond is $5,000. How much you will pay for the bond if you purchased the bond today? The answer should be calculated to two decimal places Company Maturity Current Date Yield Price Coupon YTM Rating Rate Fresh 118.684 7.507 04-15-2035 Bakery Your Answer: AA Question 1 (1 point) General Mills has a $1,000 par value, 30-year to maturity bond outstanding with an annual coupon rate of 7.46 percent per year, paid semiannually. Market interest rates on similar bonds are 11.00 percent. Calculate the bond's price today. Round the answer to two decimal places.
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