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Bilton company has outstanding $1,000 bonds with a 7% coupon and 10 years to maturity. Required: What is their current value, if the bonds are

Bilton company has outstanding $1,000 bonds with a 7% coupon and 10 years to maturity.

Required:

What is their current value, if the bonds are selling in the market with a yield to maturity of 8%?

hi tutorwhich formula should i use

can you help me to solve this question ? thanks so much!

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