Question
Coca-Cola corporation recently issued $50,000,000 in bonds. All the bonds have a par value of $1,000. The bonds are 25-year bonds with a 12% annual
Coca-Cola corporation recently issued $50,000,000 in bonds. All the bonds have a par value of $1,000. The bonds are 25-year bonds with a 12% annual payment coupon. The bonds currently sells for $900 on the market. If the yield to maturity remains at its current rate, what will the price be 8 years from now? (Hint:Two steps needed to solve) Round answer to two decimals
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
14th Edition
0134674146, 978-0134674148
