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Cullumber Company is issuing eight-year bonds with a coupon rate of 6.2 percent and semiannual coupon payments. If the current market rate for similar bonds
Cullumber Company is issuing eight-year bonds with a coupon rate of 6.2 percent and semiannual coupon payments. If the current market rate for similar bonds is 9 percent. A) What will the bond price be? B) If company management wants to raise $1.25 million, how many bonds does the firm have to sell?
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