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Bond Valuation and Changes in Maturity and Required Returns Suppose Hillard Manufacturing sold an issue of bonds with a 1 0 - year maturity, a
Bond Valuation and Changes in Maturity and Required Returns
Suppose Hillard Manufacturing sold an issue of bonds with a year maturity, a $ par value, a coupon rate, and semiannual interest payments.
Suppose that years after the initial offering, the going interest rate had risen to At what price would the bonds sell? Round your answer to the nearest cent.
$
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